Business
Precision Drilling Corporation completes sale of CEDA International Corporation
Precision Drilling Corporation completes sale of CEDA International Corporation.
About this update from Precision Drilling Corporation
[{"type":"text","content":"\n\n\n\n\nCALGARY, Sept. 13 /CNW/ - Precision Drilling Corporation (\"Precision\") is\npleased to announce the closing of its previously announced sale of CEDA\nInternational Corporation (\"CEDA\") for a price of approximately\nCdn $274 million. The purchase is being made through Borealis Investments\nInc., an investment entity of the Ontario Municipal Employees Retirement\nSystem.\nCEDA and its subsidiaries carried on the Industrial Services Business of\nPrecision through four operating units: industrial, mechanical, catalyst and\nelectrical.\n\nPrecision Drilling Corporation is listed on the Toronto Stock Exchange\nunder the trading symbols \"PD and PD.U\" and on the New York Stock Exchange\nunder the trading symbol \"PDS\".\n\n%SEDAR: 00002052E\n\n\n","length":809,"tagName":"div"}]