Feds find New York buyers for Ridley Terminals – BIV

July 12, 2019

The Canadian government has found a buyer for Ridley Teminals in Prince Rupert.

But the government only expects to net a profit of about $100 million on the $350 million sale of the federally owned Prince Rupert coal export terminal.

The Crown corporation responsible for Crown assets, Canadian Development Investment Corporation (CDEV), announced the offer Friday in a news release.

But if there are details of the proposed sale on CDEV’s website, it is no longer available to the public. The CDEV website, which was open to the public just days ago, is now password protected. The CDEV website contains financial reports that should be available to the public – access to which is now restricted.

Read More: https://biv.com/article/2019/07/feds-find-new-york-buyers-ridley-terminals