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News Canadian pension firms become minority owners of Fives

Canadian pension firms become minority owners of Fives

Written by Global Cement staff 06 June 2018
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Canada/France: Canadian pension companies La Caisse de dépôt et placement du Québec (CDPQ) and the Public Sector Pension Investment Board (PSP) completed their acquisition of a minority stake of France’s Fives in late May 2018. The equipment manufacturer will remain controlled by its management, with Ardian as another minority shareholder. The group said that the new investment would enable it to expand and to explore research and development programs that aim to improve energy efficiency and a lower environmental footprint.

Published in Global Cement News
Tagged under
  • France
  • Canada
  • Fives
  • Acquisition
  • Stake
  • GCW356
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