Alberta Investment Management Company sold its entire equity position of approximately 56 million shares in Precision Drilling on Thursday.
Alberta Investment Management Company (AIMCo) sold its entire equity position of approximately 56 million shares in Precision Drilling on Thursday.
The fund acted independently in its decision to sell the 15% stake.
AIMCo bought the interest in Precision at $3 a share a few years ago.
It more than tripled its money as a result of the sale.
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