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| Latest Press |
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| BURNCO to divest its shares in BURNCO Concrete Products Ltd to Armtec |
| CALGARY - BURNCO Group of Companies (“BURNCO”) today announced it has entered into an agreement to divest its shares in wholly owned subsidiary BURNCO Concrete Products Ltd (”BCPL”) to Armtec Infrastructure Income Fund (the "Fund") (TSX: ARF.UN). The sale price payable for BCPL is approximately $50 million, excluding transaction costs and working capital adjustments. The closing of the transaction is expected to occur on or about July 31, 2008. Closing of the transaction is conditional on a number of matters typical of a transaction of this type, including certain regulatory approvals.Read more |
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