Hunting sells Canadian airport business
Energy services provider Hunting said it had sold its Canadian airport business for seven-and-a-half million pounds.
Energy services provider Hunting said it had sold its Canadian airport business for seven-and-a-half million pounds.
Hunting Canadian Airport Holdings, which includes Field Aviation, has been bought by a consortium of North American investors put together by the current management team.
Hunting has agreed to defer £1.9m of the deal, which it will receive by the end of 2018 and on which it will earn interest at a rate of 8% a year in the meantime, the firm said.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Hunting and the buyer have agreed to establish an environmental escrow account to pay for any potential environmental issues that may arise relating to Field Aviation's hangar facilities in Calgary.
The escrow account will remain in place until the property lease expires in 2027 or to a time when such environmental matters have been satisfactorily resolved, Hunting said.
On completion of the sale, Hunting will deposit £2.5m into this environmental escrow account.
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Reeves warned against property tax shake-up – 3 ways it could backfire on first-time buyers
Rachel Reeves reportedly has her eye on high-end property taxes in the upcoming Budget, but there are concerns a shake-up could unintentionally hamper those trying to get on the housing ladder
-
Average Brits want to retire five years before they can – who has the widest retirement gap?
Brits are expecting to work for longer than ever but there are big disparities in the number of extra working years predicted. A small tweak could help close the gap