TORONTO - 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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