Canam Group Sells Its 49% Ownership Interest in Chinese Company USSL SAINT-GEORGES, QC, Feb. 5, 2013 /CNW Telbec/ -Canam Group Inc. (TSX: CAM) today announced that it has sold its 49% ownership interest held since March 2007 in a Chinese company, United Steel Structures Limited (USSL), to Guangzhou Shipyard International Co., Ltd. and Glory Group Development Limited, two Chinese companies, for a consideration of US$13,500,000. About Canam Group Inc. Canam Group is a manufacturing company that operates 20 plants across North America. Specialized in designing construction solutions and fabricating customized products since 1961, Canam Group takes part in an average of 10,000 construction projects each year in three activity sectors:buildings,structural steelandbridges. The Corporation employs close to 3,500 people in Canada, the United States, Romania, India and Hong Kong. François Bégin Vice President, Communications Canam Group Inc. Telephone: 418-228-8031 Email:email@example.com SOURCE: CANAM GROUP INC. To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/February2013/05/c3311.html CO: CANAM GROUP INC. ST: Quebec NI: CST TRN COS -0- Feb/05/2013 20:09 GMT
Canam Group Sells Its 49% Ownership Interest in Chinese Company USSL
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