Genivar

Spruce Point Capital Management Announces Investment Opinion: Releases Report and Strong Sell Research Opinion on WSP Global Inc. (TSX: WSP)

Retrieved on: 
Wednesday, April 3, 2024
RCN, Tax, Biography, Dimensions of globalization, Wood, Corruption, Biophysical environment, EPS, WSP, International, International Financial Reporting Standards, Church, ESG, Genivar, Policy, Classification, Transport, Public expenditure, Record, Humboldt Hill, California, CPPIB, Nature, Outline, TSX, OECD, PwC, Engineering, WSP Global, Retirement, Public sector, Geography, Language, LTM, Audit committee

The Company was formed when Canada’s Genivar Inc. (TSX: GNV) acquired WSP Group plc in the U.K. in 2012.

Key Points: 
  • The Company was formed when Canada’s Genivar Inc. (TSX: GNV) acquired WSP Group plc in the U.K. in 2012.
  • Ever since, WSP has been built largely as a roll-up acquiror and has acquired 22 companies totaling $4.3 billion since 2020.
  • As a reminder, our full report, along with its investment disclaimers, can be downloaded and viewed at www.SprucePointCap.com .
  • As disclosed, Spruce Point and/or its clients have a short position in WSP Global Inc. (TSX: WSP) and own derivative securities that stand to net benefit if its share price falls.

$25,000 sentence for fifth engineering executive to plead guilty in Gatineau bid-rigging case

Retrieved on: 
Friday, October 14, 2022
The Competition Act, 2002, City, Criminal code, Court of Quebec, Contract, Theft, Bureau, Competition Bureau, The Criminal Code, Competition, Crime, Competition Act, Cryptocurrency, Construction, Genivar, QC

This is the fifth guilty plea in a case that began after the Competition Bureau uncovered evidence of bid-rigging on infrastructure contracts awarded by Gatineau between 2004 and 2008.

Key Points: 
  • This is the fifth guilty plea in a case that began after the Competition Bureau uncovered evidence of bid-rigging on infrastructure contracts awarded by Gatineau between 2004 and 2008.
  • The bid-rigging targeted a total of 21 contracts and defrauded the municipality out of an estimated $1.8 million.
  • Mr. Paulhus admitted that he had participated in the scheme while he was a regional director at Genivar in 2004.
  • He conspired with executives from other engineering firms to fix bid prices in order to divide Gatineau infrastructure contracts among their respective firms.

SNC-Lavalin to pay $1.9 million in fourth Québec bid-rigging settlement

Retrieved on: 
Friday, June 19, 2020
SNC-Lavalin, S&P/TSX 60 Index, Companies of Canada, Companies, Lavalin, Economy of Canada, Bid rigging, Genivar, SNC

GATINEAU, QC, June 19, 2020 /CNW/ - Engineering firm SNC-Lavalin has been ordered to pay $1.9 million for rigging bids on municipal infrastructure contracts in the province of Qubec as part of a settlement with the Public Prosecution Service of Canada.

Key Points: 
  • GATINEAU, QC, June 19, 2020 /CNW/ - Engineering firm SNC-Lavalin has been ordered to pay $1.9 million for rigging bids on municipal infrastructure contracts in the province of Qubec as part of a settlement with the Public Prosecution Service of Canada.
  • SNC-Lavalin participated in the scheme between2003 and 2012, rigging bids onpublic infrastructure contracts in Montral and in the Qubec City area, the period varying for each municipality.
  • This is the fourth settlement with an engineering firm resulting from the Competition Bureau's ongoing investigation.
  • Dessau, WSP Canada (formerly Genivar), and Norda Stelo (formerly Roche) were previously ordered to pay $1.9 million, $4 million and $750,000 respectively for their roles in the bid-rigging scheme.