Staff, with files from Canadian Press
The Caisse de dépôt et placement du Québec has raised its stake in home renovation retailer Rona Inc. The Caisse announced that it has acquired more than two million additional shares of Rona on the Toronto Stock Exchange, representing approximately 1.53% of Rona’s current float, at an average price of $10.01 per share.
The Caisse previously held 11,277,600 common shares of Rona. With this latest acquisition, the Caisse will hold 10.17% of Rona’s common shares outstanding.
Rona shares closed up 15 cents at $9.86 Tuesday on the Toronto Stock Exchange.