Press release from CNW Group
IBI Group Inc. announces the Closing of the Acquisition and Merger of CSM Engineering Ltd. within the IBI Group of Firms.
Wednesday, January 05, 2011
IBI Group Inc. announces the Closing of the Acquisition and Merger of CSM Engineering Ltd. within the IBI Group of Firms.10:57 EST Wednesday, January 05, 2011TORONTO, Jan. 5 /CNW/ - IBI Group Inc. (The "Company") (TSX: IBG) announced today that the acquisition and merger of CSM Engineering Ltd. has been finalized, effective December 31, 2010.About IBI Group Inc.IBI Group Inc. is a TSX listed company, which pays monthly dividends and trades under the symbol "IBG". IBI Group Inc. holds an indirect 72% interest in IBI Group, a partnership which, directly and through its subsidiary entities, provides professional services, including planning, design, implementation, analysis of operations and other consulting services in relation to four main areas of development, being urban land, building facilities, transportation networks and systems technology. The remaining 28% of IBI Group is owned by IBI Group Management Partnership. On a partially diluted basis, assuming the exchange of its units of IBI Group for common shares of IBI Group Inc., IBI Group Management Partnership together with affiliated entities holds a combined 46% interest in IBI Group Inc.For further information: Philip H. Beinhaker IBI Group Inc. 230 Richmond Street West Toronto, Ontario M5V 1V6Telephone: 416-596-1930