11:42 AM EST - Aecon Group Inc. : announced today that it has completed the sale of its wholly-owned subsidiary Innovative Steam Technologies (IST) to Fulcrum Capital Partners. Gross cash proceeds of the sale will be approximately $35 million, with additional proceeds over the following two years contingent on IST achieving certain earn-out conditions based on performance. Aecon Group Inc.
shares T.ARE are trading up $0.41 at $12.65.
