La Caisse to sell partial Cogeco stake
By Derek Winkler
Investment company La Caisse has announced plans to sell part of its holdings in Cogeco Communications. The block of shares represents 11% of Cogeco’s outstanding shares valued at approximately $229 million. According to the company, La Caisse will remain the largest holder of subordinate shares in Cogeco.
“La Caisse has supported Cogeco Communications since 2013 and continues to firmly believe in its potential,” said Kim Thomassin, executive vice-president at La Caisse. “Our participation in several major transactions underscores the confidence we have in the company and the direction it is taking. The funds generated will be redeployed in Quebec companies to support and accelerate their growth.”
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