<ATCO LTD> SEES GAIN FROM SALE
Atco Ltd said its Atco
Development unit agreed to sell the Canadian Utilities Center
in Edmonton, Alberta and the Canadian Western Center in
Calgary.
    The sales, together with the previously-announced sale of
Atco's Australian operations, will gross 114 mln dlrs and
result in an after-tax gain of 31 mln dlrs, which will be
reflected in Atco's fiscal year results.
    Its fiscal year ends March 31, the company said. In
addition, the sales will produce 47 mln dlrs cash after debt
reduction of 67 mln dlrs, Atco said.
 Reuter
