1 Min Read
July 6 (Reuters) - Logistec Corp:
* Logistec Corporation acquires a majority interest in FER-PAL Construction Ltd.
* Logistec Corp - deal for $49.5 million
* Logistec Corp - has acquired 51% of shares of fer-pal construction ltd
* Logistec - purchase price consists of a cash payment of $41.5 million and issuance of 230,747 class b subordinate voting shares in capital of Logistec
* Logistec Corp - as part of transaction, Sanexen and FER-PAL have extended terms of their contractual relationship
* Fer-Pal's management team will continue to lead FER-PAL in their current roles following transaction Source text for Eikon: Further company coverage: