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April 30 (Reuters) – SNC-Lavalin Inc’s biggest
shareholder, Jarislowsky Fraser, has “great confidence” in the
Canadian engineering company, Len Racioppo, president of the
investment group, said on Monday.
SNC’s stock price is down about 28 percent in the past three
months as the Montreal-based company uncovered $56 million in
improper payments. Police are also investigating the company.
“Moving forward, is there reputational risk here? Perhaps,
but I don’t think that’s going to hurt the company significantly
longer term,” Racioppo told Reuters.
