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
François Bégin Vice President, Communications Canam Group Inc. Telephone:
SOURCE: CANAM GROUP INC.
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-0- Feb/05/2013 20:09 GMT
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