Key Carillion Canadian backer sells chunky slice of shares
ONE OF Carillion's largest shareholders has sold a big stake in the ailing contractor.
Canadian fund manager Letko, Brosseau & Associates sold millions of Carillion shares, reducing its interest from 4.61 per cent to 3.46 per cent, a stake now of 15m shares.
A announcement on the sale, which took place on Tuesday, was released at 12.30pm yesterday.
The firm's market capitalisation is lingering below £85m, less than a tenth of its valuation in January.