|This Slide: #10 of 82|
Slide #10. TerraVest Capital Inc. — Clarke commercial tank and home heating business
TerraVest Capital Inc.
Clarke commercial tank and home heating business (TSE:CKI.CA)
Clarke Inc. ("Clarke") (TSX: CKI CKI.DB.A) announced today the successful completion of the sale of its commercial tank and home heating business ("Gestion Jerico") to TerraVest Capital Inc. ("TerraVest"). Clarke received $24.9mn for its 75% interest in Gestion Jerico in the form of a 6.5% promissory note with a 3-year term. The acquisition was first announced on January 30, 2014.