ACE TO DIVEST 11.5% STAKE IN AIR CANADA

Dino D'Amore
By Dino D'Amore December 6, 2010 10:42

ACE TO DIVEST 11.5% STAKE IN AIR CANADA

ACE Aviation Holdings is selling 11.5% of its shares in Air Canada to reduce its stake to 11.15%. ACE is selling 44 million Class B voting shares, which can only be owned by Canadians, in Air Canada for $162.8 million. A syndicate of underwriters led by Canaccord Genuity are acting on the deal.

Dino D'Amore
By Dino D'Amore December 6, 2010 10:42
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