Caisse loads up on SNC-Lavalin shares

The head office of SNC Lavalin are seen Thursday, February 19, 2015 in Montreal.

The Caisse de dp?t et placement du Qubec has raised?its stake in SNC-Lavalin Group Inc., because the pension fund keeps its?faith in the beleaguered engineering and construction company.

The Caisse, already SNC’s top shareholder, bought 1.81 million shares on March 12 and 13 for any total investment of $73.7 million, based on March 16 filing using the Ontario Securities Commission’s?System for Electronic Disclosure by Insiders, or SEDI.

The pension fund?bought 721,800 shares at $40.56 each as well as an additional 1,087,300 at $40.88 within the two-day period, taking its total stake to 17.27 million shares, or 11.3% of the company.

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