Canadian arm of Carillion files for creditor protection

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http://img-s-msn-com.akamaized.net/tenant/amp/entityid/AAvaQHK.img?h=100&w=100&m=6&q=60&o=f&l=fTORONTO - The Canadian branch of insolvent British construction giant and state contractor Carillion PLC says it has been granted protection from creditors under the Companies' Creditors Arrangement Act by an Ontario court. In a statement on its website, Carillion Canada says its decision to seek CCAA protection was forced by the liquidation of its parent company, which gave rise to "unexpected liquidity challenges" for the Canadian operations. ...

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