SNC-Lavalin exercises option to sell stake in Madagascar nickel project

#SNCLavalin said on Wednesday it has exercised its option to sell its 5 percent stake and the balance of its loans in the #Ambatovy #Nickel project in #Madagascar to #Japan’s #SumitomoCorp for approximately C$600 million (US$451 million) in cash.

Read more at: http://www.reuters.com/article/2015/09/30/snc-lavalin-ambatovy-sumitomo-idUSL1N1203E520150930

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