Friday, June 22, 2007

UPDATE 1-ACE Aviation to sell 70 pct of maintenance unit

(Reuters) - ACE, the parent company of Air Canada , said it
sold the interest in Air Canada Technical Services to
private investment firm Sageview Capital LLC and KKR Private
Equity Investors L.P., the publicly traded fund of Kohlberg
Kravis Roberts & Co.




According to ACE, the sales implies an enterprise value of
about C$975 million for 100 percent ownership of
ACTS on a cash and debt free basis.


Read more at Reuters.com Mergers News

No comments: