Canada's federal government and the government of the province of Ontario have started searching for an investment bank to sell the rest of their combined 140 million shares in General Motors, according to an unidentified source, Bloomberg reports. That represents a 10-percent stake up for sale. The news doesn't come as a surprise because Finance Minister Jim Flaherty said in December that Canada wanted to sell its shares of GM stock, a point that was reiterated yesterday by one of his spokespeople. Canada invested $9.5 million for 175 million shares of GM's stock in 2009 as part of the company's government bailout.
Autoblog , Canada getting ready to sell GM stake, Canada getting ready to sell GM stake
