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BRIEF-Logistec Corp acquires majority interest in FER-PAL Construction
July 6, 2017 / 9:22 PM / 5 months ago

BRIEF-Logistec Corp acquires majority interest in FER-PAL Construction

July 6 (Reuters) - Logistec Corp:

* Logistec Corporation acquires a majority interest in FER-PAL Construction Ltd.

* Logistec Corp - deal for $49.5 million

* Logistec Corp - has acquired 51% of shares of fer-pal construction ltd

* Logistec - purchase price consists of a cash payment of $41.5 million and issuance of 230,747 class b subordinate voting shares in capital of Logistec

* Logistec Corp - as part of transaction, Sanexen and FER-PAL have extended terms of their contractual relationship

* Fer-Pal’s management team will continue to lead FER-PAL in their current roles following transaction Source text for Eikon: Further company coverage:

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