Feb 18 (Reuters) - Alexco Resource Corp AXU.TO :
* ALEXCO DIVESTS SUBSIDIARY ENVIRONMENTAL BUSINESS AEG
* ALEXCO RESOURCE CORP - ENTERED INTO A SHARE PURCHASE AGREEMENT FOR SALE OF ALEXCO ENVIRONMENTAL GROUP TO AEG'S EXECUTIVE MANAGEMENT
* ALEXCO RESOURCE CORP - AEG MANAGEMENT PURCHASED ALL OF SHARES OF AEG IN CONSIDERATION FOR PAYMENT TO ALEXCO OF $13.35 MILLION
* ALEXCO RESOURCE - TRANSACTION IS ACCRETIVE WITH A POST DIVESTITURE STAND-ALONE INCEPTION-TO-DATE ANNUALIZED RETURN ON INVESTED CAPITAL OF ABOUT 11%