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Key Carillion Canadian backer sells chunky slice of shares

Nov 23, 2017 - City A.M.

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.

Carillion investors...