SNC-Lavalin is seeking to acquire a 223.08% stake in Calgary-based AltaLink from infrastructure asset manager, Macquarie Essential Assets Partnership (MEAP). The Canadian engineering firm will pay a total of about $215 million for the acquisition.

The buyer currently holds an indirect 76.92% ownership interest in AltaLink, a Canadian fully independent transmission company. The transaction is subject to customary closing conditions and regulatory approval.

Click here for the release from SNC-Lavalin.