SNC Lavalin rivals CPPIB for Canadian road stake

The engineering firm, which holds close to 17% of Canada’s 407 ETR toll road, plans to use its right of first refusal as an existing shareholder to try and buy a 10% stake in the road put up for sale by majority shareholder Ferrovial. The news comes as Ferrovial said it had agreed to sell the stake to CPPIB.