The Caisse de dépôt et placement du Québec is participating in a share capital increase deal with Alstom, a sustainable transportation solutions company.
The investment organization, which currently holds a 17.4 per cent stake in the company, will receive a pro-rata share of the capital increase for a total amount of €173.8 million. The Caisse agreed to a lock-up period that will last 180 days starting on the date of approval by financial regulator Autorité des marchés financiers.
Read: Caisse adds to Cirque de Soleil investment, converts Bombardier shares to Alstom
In other news, the Caisse announced a private agreement with Montreal-based consulting firm CGI Group Inc. for a repurchase of 2.89 million voting shares at a price of $131.51 per share. Following the transaction, the Caisse will hold a 7.15 per cent share in the company.
“CGI is an international leader in the [information technology] industry and continues to stand out with its sustained growth and operational excellence, benefiting its shareholders,” said Kim Thomassin, executive vice-president and head of Quebec at the Caisse, in a press release. “We will remain a major shareholder of the company following this repurchase and continue our commitment of over 30 years in supporting CGI’s expansion.”
Read: CGI Group promoting mental-health support through compassion tool, employee recognition