Investissement quebec, desjardins fondaction become: This article explores the topic in depth.
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(Montreal) Investissement Québec, Desjardins, and Fondaction join the shareholding of the Innergex renewable energy producer, which was privatized by the Quebec Caisse de Dépôt et Placement. Moreover,
Posted at 11:02 a.m.
The cash register made the announcement on Monday in a press release. However, The institution had made known its intention to acquire Innergex last February for an amount of $ 13.75 per share. Furthermore, $ 25 for privileged shares, which conferred a value of 10 billion investissement quebec, desjardins fondaction become to the Longueuil company taking into account the debt. Meanwhile,
At the time of the announcement. the first vice-president and head of the cash infrastructure, Emmanuel Jaclot, had indicated, in an interview with the Canadian press that the institution wanted to find other investors for a participation of around 20 %.
With the conclusion of the transaction on Monday. the fund confirmed that Investing Quebec, Desjardins, and Fondaction would be among the shareholders. To Quebec shareholders are added 14 Swiss institutional investors.
Innergex also said that members of senior management. including the president and chief executive officer, Michel Letellier, and the head of financial management, Jean Trudel, remained shareholders.
The renewable energy producer announced last week that he had obtained all the necessary regulatory authorizations.
investissement quebec, desjardins fondaction become
The price offered represented a premium of 58 % compared to the closure price of the day before the February announcement. However, it is far from the historic summit of more than $ 32 reached by the company in 2021.
The transaction occurs at a time when the renewable energies sector has lost popularity. in the wake of a surf against taking into account environmental investment factors in the United States.
The president. chief executive officer of Innergex, Michel Letellier, had explained, in an interview at the time of the announcement, that the fund had a long -term horizon, unlike the stock market.
Hydro-Québec, which was the main shareholder with 19.9 % of the actions, played a key role in the success of the cash approaches. Innergex investissement quebec, desjardins fondaction become had been approached by two other potential buyers. but the Crown corporation only wanted to sell the Caisse, according to regulatory documents disseminated in March.
Investissement quebec, desjardins fondaction become
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