Clarke Inc. sells commercial tank and home heating business Gestion Jerico

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HALIFAX – Clarke Inc. (TSX:CKI) is selling its commercial tank and home heating business to TerraVest Capital Inc. (TSX:TVK).

The investment firm says it will receive $24.9 million in the form of a 6.5 per cent promissory note with a three-year term for its 75 per cent interest in Gestion Jerico.

The deal, which is expected to close next month, is subject to regulatory approvals.

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