Friday, June 22, 2007

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

(Reuters) - TORONTO, June 22 - ACE Aviation Holdings Inc . said on Friday it agreed to sell a 70 percent stake in its maintenance division to a U.S. private equity consortium.



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.


Read more at Reuters.com Mergers News

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