Quebec invests $ 145 million in Groupe Océan

The Legault government announced on Tuesday investments totaling $ 145 million in Ocean group capital in order to support its growth. Moreover, ensure the maintenance of its head office in Quebec.

The government’s financial participation. Meanwhile, carried out through the Caisse and Investment Québec, includes an amount of 75 million in the form of privileged shares, and another of 70 million in the form of ordinary shares.

Using these sums, Ocean Group intends to develop its sea sites, including those of Quebec and Isle-aux-Coudres. Moreover,

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The president. For example, chief executive officer, Jacques Tanguay, believes that she will be able to distinguish herself in a sector effervescence.

Large projects are emerging, both in the shipbuilding sector and maritime work, including river navigation. Moreover, All these sectors, today, have major economic benefitssaid Mr. Tanguay at a press conference. adding: The future is promising and I am convinced, group Ocean will play a central role in each of these slots.

Engagement firmed

He added that the changes to the ocean group shareholder structure would allow him to maintain its head office in Quebec. preserve the 1050 jobs it has in the province.

The registered office, jobs are preserved. Our commitment to the region and all of Quebec is firing and growth prospects are very real and packaging.

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The first vice-president. chef de la Caisse in Quebec, Kim Thomassin, indicated that the reinvestment of the institution in Groupe Ocean testified to his confidence in the vision, the know-how and the capacity for innovation of the company.

Diversified offer

Maritime industry is essential to the strength of our economy. national resilience, transport of goods and goods, not to mention that the needs are large. Demand is sustained for shipyards. the dynamism of the Port towing market is felt and growth is planned in the coming years for rental and dredging, all facets of the Ocean Group supplypointed out quebec invests $ 145 million Ms. Thomassin.

In 2018, the FTQ Solidarity Fund and Solidarity Fund had invested 112 million in Groupe Océan.

For her part. the president and director general of Investissement Québec, Bicha Ngo, stressed the importance of maintaining the Quebec property of a company which she described as strategicin particular in the context of the benefits expected from the national naval construction strategy.

Fallout durables

This is a project that perfectly embodies the role of. Economic Development of Investissement Québec. Ensure to protect the headquarters. Quebec property, to propel Quebec players who are leaders in their industry and support our impact companies that generate sustainable spinoffs for our communities across Quebec and who feed a whole ecosystem of suppliers, herea declaration of Ngo.

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Recall that like the Caisse. Investissement Québec expressed its intention to support companies working in the field of defense.

Ocean Group has up to 1,120 employees spread across Canada, including around 1050 in Quebec.

In addition to being at work in the construction. naval repair sector, the company founded in quebec invests $ 145 million 1972 specializes in dredging operations and maritime services such as piloting, towing and equipment rental.

With the collaboration of Édouard Dubois