One of Australia’s biggest engineering companies has been named as the potential buyer for a Canadian engineering giant, even though the Canadian outfit in question could yet be bankrupted by legal proceedings against it in relation to alleged bribery and corruption.

Canadian media reports have suggested that Sydney-based Worley Parsons is one of at least two large multi-national outfits said to be weighing up a possible takeover of beleaguered Canadian engineering and construction giant SNC-Lavalin. “People are circling. It’s a big prize. It’s worth having,” one source close to the negotiations…