The Caisse de dépôt et placement du Québec is selling a $700-million stake in Alimentation Couche-Tard Inc. back to the Canadian convenience store giant through a private share buyback agreement, recouping cash that the pension fund manager plans to reinvest in the province.
The buyback deal was prompted by the Caisse’s “periodic portfolio rebalancing,” the two companies said in a joint news release. The Caisse’s head of Quebec, Kim Thomassin, said of Couche-Tard that the pension fund manager has “been a partner of the company for nearly 30 years, and we will continue to support the expansion of this international leader.”
A debate is raging over Canadian pension plans’ domestic investments — and Caisse’s CEO is at the centre of it all
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Altus Group selling property tax business to Ryan LLC for $700 millionAltus Group Ltd. has signed a deal to sell its global property tax business to tax services and software company Ryan LLC for $700 million.
Källa: BNNBloomberg - 🏆 83. / 50 Läs mer »
Altus Group selling property tax business to Ryan LLC for $700 millionAltus Group Ltd. has signed a deal to sell its global property tax business to tax services and software company Ryan LLC for $700 million.
Källa: BNNBloomberg - 🏆 83. / 50 Läs mer »
Alimentation Couche-Tard earnings drop as consumers watch spendingLAVAL, Que. — Alimentation Couche-Tard Inc. says its net earnings fell by almost a third in its fourth quarter as inflation-squeezed consumers watch their...
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »
Alimentation Couche-Tard earnings drop as consumers watch spendingAlimentation Couche-Tard Inc. says its net earnings fell by almost a third in its fourth quarter as inflation-squeezed consumers watch their spending.
Källa: BNNBloomberg - 🏆 83. / 50 Läs mer »
Alimentation Couche-Tard earnings drop as consumers watch spendingThe company says the earnings decline was in part from lower gross margins on fuel, the quarter being a week shorter than last year, and expenses and deprectiaion related to investments and acquisitions
Källa: globebusiness - 🏆 31. / 66 Läs mer »