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Satellite imagery company Maxar to sell Canadian unit for C$1 billion

December 30, 2019

Via: Reuters

(Reuters) – U.S. satellite imagery company Maxar Technologies Inc said on Monday it would sell its Canadian space robotics business to a consortium led by Northern Private Capital (NPC) for C$1 billion ($765 million), in a bid to ease its debt.

The company’s shares were up 16.2% in premarket trading.

Maxar will retain its U.S.-based space robotics division, which is responsible for developing the robotic hardwares used in NASA’s Mars 2020 rover.

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