Brief: Shawcor sells its Lake Superior consulting business

Mattr

06/09/2022 12:38

Sept 6 (Reuters) - Shawcor Ltd  SCL.TO :
    * SHAWCOR SELLS ITS LAKE SUPERIOR CONSULTING BUSINESS
    * SHAWCOR LTD - HAS SOLD ITS LAKE SUPERIOR CONSULTING
OPERATING
UNIT TO A PRIVATE INVESTMENT GROUP, INCLUDING MEMBERS OF LSC
MANAGEMENT
    * SHAWCOR LTD - PROCEEDS FROM SALE WILL BE USED TO REDUCE
COMPANY'S EXISTING INDEBTEDNESS
    * SHAWCOR LTD - WITH COMPLETION OF THIS TRANSACTION,
COMPANY'S PPS
REPORTING SEGMENT NOW CONSISTS OF TWO OPERATING UNITS
    * SHAWCOR LTD - HAS SOLD ITS LSC OPERATING UNIT IN A
TRANSACTION
GENERATING ABOUT C$8 MILLION IN GROSS PROCEEDS

Source text for Eikon:  ID:nGNXc53xx3 
Further company coverage:  SCL.TO 

 ((Reuters.Briefs@thomsonreuters.com;))