ACE to sell Air Canada; Lagardere to sell EADS stake

ACE Aviation Holdings has sold 31 million shares of Air Canada and 2.5 million warrants to purchase Air Canada shares at exercise prices of $1.51 (1.25 million warrants) and $1.44 (1.25 million warrants) to Cormark Securities for total net proceeds to ACE of approximately $58 million. As a result, ACE no longer holds any shares or warrants in the capital of Air Canada. Meanwhile, Lagardere has declared that it will sell its 7.41% stake in Airbus parent company EADS by next year. Chief executive of the company Arnaud Lagardere, who is also chairman of the EADS board of directors, has