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19 days ago
BRIEF-Air Canada CEO sells block of shares for investment diversification, estate planning
August 4, 2017 / 8:31 PM / 19 days ago

BRIEF-Air Canada CEO sells block of shares for investment diversification, estate planning

Aug 4 (Reuters) - Air Canada:

* Air Canada CEO sells block of shares for investment diversification, estate planning and charitable giving

* Air Canada - ‍Calin Rovinescu, President and CEO, has sold 1.6 million Class B voting shares in a block trade to a financial institution​

* Air Canada - Rovinescu plans to use proceeds from sale of shares for investment diversification, estate planning and to fund his family foundation

* Air Canada - ‍rovinescu continues to own "substantial" equity interest in co through remaining holdings of Class B voting shares, other securities​ Source text for Eikon: Further company coverage:

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