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