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The transaction partially fulfills WESCO’s commitment to divest its legacy Canadian Utility and Datacom businesses in connection with Canadian law. ....
Press release content from Business Wire. The AP news staff was not involved in its creation. WESCO Announces Sale of Legacy Canada Utility Business to Rexel February 1, 2021 GMT PITTSBURGH (BUSINESS WIRE) Feb 1, 2021 WESCO International, Inc. (NYSE: WCC) today announced that it has sold its legacy WESCO Utility business in Canada to Rexel Canada, a wholly owned subsidiary of France’s Rexel Group. The transaction partially fulfills WESCO’s commitment to divest its legacy Canadian Utility and Datacom businesses in connection with its Consent Agreement with the Canadian Competition Bureau related to WESCO’s merger with Anixter International, which closed on June 22, 2020. Net proceeds will be used to repay indebtedness. ....