Ontario intends to sell its remaining shares of General Motors in the next year as part of a review of its state-owned assets, Bloomberg News reports.
In September, the Canadian and Ontario governments agreed to sell 30 million General Motors shares worth about $1.1 billion to Bank of America Corp. and Royal Bank of Canada in a block trade, reducing their stake by 21% to 110 million shares.
The two governments are the second-largest shareholder in General Motors.
