June 29 (Reuters) - IGM Financial Inc IGM.TO :
* IGM FINANCIAL INC - WILL SELL ITS EQUITY INTEREST IN PERSONAL CAPITAL CORPORATION
* IGM FINANCIAL INC - EXPECTS ITS PROCEEDS FROM TRANSACTION TO BE USD $176.6 MILLION
* IGM FINANCIAL INC - TRANSACTION RESULTED FROM AN AUCTION PROCESS CONDUCTED BY PERSONAL CAPITAL
* IGM FINANCIAL INC - IGM DID NOT PARTICIPATE IN NEGOTIATION FOR SALE OF PERSONAL CAPITAL TO EMPOWER RETIREMENT