Ankara deal not affected by Lavalin selling shares.Ankara deal not affected by Lavalin selling shares Negotiations between UTDC UTDC Urban Transportation Development Corporation UTDC University Teaching Development Centre and Ankara, Turkey have not been affected by the anticipated sale of nearly half of the Kingston, Ont.-based company, says a UTDC official. Montreal-based Lavalin Industries Inc. announced in June that it intends to sell its 49-per-cent interest in UTDC, the majority shareholder of Thunder Bay's Can Car Works. "The sale hasn't entered into the negotiations at all," said Bob Gawley, UTDC's manager of marketing communications Marketing communications (or marcom) are messages and related media used to communicate with a market. Those who practice advertising, branding, direct marketing, graphic design, marketing, packaging, promotion, publicity, sponsorship, public relations, sales, sales . At the time of the announcement a consortium led by Asea Brown Boveri Inc. of Montreal Of Montreal is an American indie pop band formed in Athens, Georgia, fronted by Kevin Barnes. It was among the second wave of groups to emerge from The Elephant 6 Recording Company. and Westinghouse Canada Inc. of Hamilton had been identified as a potential buyer. However, on July 15 Thunder Bay-Atikokan MP Iain Angus Iain Francis Angus (born June 1, 1947 in Fort William, Ontario) is a Canadian politician, who has served in the Legislative Assembly of Ontario and the Canadian House of Commons, as well as on Thunder Bay City Council. issued a statement to provincial Transportation Minister Ed Philip Edward Thomas Philip (born March 11, 1940 in Montreal, Quebec) is a former politician in Ontario, Canada. He was a New Democratic Party member of the Legislative Assembly of Ontario from 1975 to 1995, and was a cabinet minister in the government of Bob Rae. urging the minister to protect the employees of Can Car in the event that its only Canadian competitor, Bombardier of Montreal, buys Lavalin's shares of UTDC. In his statement Angus reminded Philip that the province holds the remaining 15-per-cent shares of Can Car. He stated that "in recent years there is every indication that companies are buying into or buying out their competitors and then shutting them down in order to eliminate competition." Angus asked that "the government of Ontario The Government of Ontario refers to the provincial government of the province of Ontario. Its powers and structure are set out in the Constitution Act, 1867. In modern Canadian use, the term "government" refers broadly to the cabinet of the day, elected from the Legislative ensure that if Bombardier does acquire all or part of Lavalin's shares in UTDC that specific and legally binding guarantees be provided the workers at Can Car and the community of Thunder Bay Thunder Bay, city (1991 pop. 113,946), SW Ont., Canada, on Thunder Bay inlet of Lake Superior. The city was created in 1970 by the amalgamation of the twin cities of Fort William and Port Arthur and two adjoining townships. that would prevent Bombardier from shutting down the Thunder Bay operation." In an interview Angus admitted that Bombardier is only one of a number of potential buyers of Lavalin's shares of UTDC. He said he issued the statement as a caution to the province after reading media reports which indicated that Bombardier may be interested in the purchase. "I'd rather do it ahead of time, than see the deed done with no protection," he said. |
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