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Home > Company Index > Real Estate > Property Investment & Management > Acktion Corporation

Acktion Corporation
 NEWS FROM THE WIRES
Acktion second-quarter profit nearly doubles
Aug 09 2001 03:23 PM PDT

More WIRE STORIES about this company

 PROFILE
Formerly a Canadian car parts kingpin, Acktion is now "acktive" primarily in real estate. Through subsidiaries and investments in public real estate firms, the company holds an interest in nearly 250 properties in seven provinces. Acktion owns about two-thirds of Goldlist Properties (which owns 17 apartment buildings around Toronto), all of Morguard Investments (a real estate investment adviser and manager), and slightly more than half of Morguard REIT (retail, office, and industrial property holding). Acktion also has interests in Revenue Properties and Acanthus Real Estate. The last vestiges of Aktion's automotive parts business were sold in 2000, as was Reynolds Fasteners, an industrial supplies distributor.

 COMPETITION
Cadillac Fairview Corporation (dossier)
The Rose Corporation (dossier)
Simon Property Group, Inc. (SPG)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 173.70
1-Yr. Sales Growth: 149.0%
Employees: 880
Revenue per employee: $197,386.36

 KEY PEOPLE
• K. Rai Sahi
    CEO
• Bart Mund
    CFO

 CONTACT INFO
1 University Ave., Ste. 1400
Toronto Ontario M5J 2P1, Canada
Phone: 1-416-367-6870
Fax: 1-416-367-6890
Online: Web Site

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