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MOOSEHEAD HIRES ERNST & YOUNG TO SELL INTEREST IN HOCKEY CLUB

Moosehead Breweries of Saint John, NB has hired the Halifax office of Ernst & Young Corporate Finance to handle the sale of its 64% interest in the Halifax Mooseheads Hockey Club. The brewery announced its intention to sell this interest late last month. Moosehead cited a desire to concentrate on its core business operations as the reason for the sale. The brewery has been the team's majority owner since it was founded in 1994. The sale is expected to be completed over the next two months.

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