IBI Group Inc. announces the Closing of the Acquisition and Merger of CSM Engineering Ltd. within the IBI Group of Firms.

TORONTO, Jan. 5 /CNW/ - IBI Group Inc. (The "Company") (TSX: IBG) announced today that the acquisition and merger of CSM Engineering Ltd. has been finalized, effective December 31, 2010.

About IBI Group Inc.

IBI Group Inc. is a TSX listed company, which pays monthly dividends and trades under the symbol "IBG".  IBI Group Inc. holds an indirect 72% interest in IBI Group, a partnership which, directly and through its subsidiary entities, provides professional services, including planning, design, implementation, analysis of operations and other consulting services in relation to four main areas of development, being urban land, building facilities, transportation networks and systems technology. The remaining 28% of IBI Group is owned by IBI Group Management Partnership. On a partially diluted basis, assuming the exchange of its units of IBI Group for common shares of IBI Group Inc., IBI Group Management Partnership together with affiliated entities holds a combined 46% interest in IBI Group Inc.

SOURCE IBI Income Fund

For further information:

Philip H. Beinhaker
IBI Group Inc.
230 Richmond Street West
Toronto, Ontario M5V 1V6

Telephone: 416-596-1930

Profil de l'entreprise

IBI Income Fund

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IBI Group Inc.

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