Brief: Shawcor Sells Its Oilfield Asset Management Business

Mattr

18/11/2022 12:50

Nov 18 (Reuters) - Shawcor Ltd  SCL.TO :
    * SHAWCOR SELLS ITS OILFIELD ASSET MANAGEMENT BUSINESS
    * SHAWCOR LTD - TRANSACTION GENERATING AT LEAST C$15 MILLION
IN
GROSS PROCEEDS
    * SHAWCOR LTD - WILL RETAIN OAM RELATED WESTERN CANADIAN
REAL-ESTATE ASSETS WHICH IT MAY ELECT TO SELL AT A FUTURE DATE
    * SHAWCOR LTD - HAS SOLD ITS OILFIELD ASSET MANAGEMENT
OPERATING
UNIT TO FORCE INSPECTION SERVICES INC
    * SHAWCOR LTD - PROCEEDS FROM SALE WILL BE USED TO REDUCE
COMPANY'S EXISTING INDEBTEDNESS AND FUND HIGH-VALUE GROWTH
OPPORTUNITIES

Source text for Eikon:  ID:nGNX77xHkM 
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