La Caisse to sell shares of telecom services provider Cogeco

La Caisse will sell nearly 11 percent of the company's issued and outstanding subordinate shares at a gross price of C$67.45 per share.

  • The transaction will generate gross proceeds of around C$229 million
  • La Caisse first invested in Cogeco in 2013 by providing a C$50 million loan

Caisse de dépôt et placement du Québec has announced its intention to sell a block of shares of Cogeco Communications, a Montreal-based provider of internet, mobile, TV and home phone services to residential and business customers in Canada and the US.

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