MONTRÉAL, July 6, 2017 /CNW
Telbec/ - As provided by the agreement signed in September 2015 between the Caisse de dépôt et
placement du Québec (the Caisse), Quebecor Media announced today
that it has purchased and cancelled 541,899 common shares from the
Caisse, for a consideration of approximately $38 million.
Following the transaction, the Caisse holds 17,628,911 common
shares of Quebecor Media or an 18.47% interest.
About Quebecor
Quebecor, a Canadian leader in
telecommunications, entertainment, news media and culture, is one
of the best-performing integrated communications companies in the
industry. Driven by their determination to deliver the best
possible customer experience, all of Quebecor's subsidiaries and
brands are differentiated by their high-quality, multiplatform,
convergent products and services.
Quebecor (TSX: QBR.A, QBR.B) is headquartered in Québec. It
holds an 81.53% interest in Quebecor Media, which employs more than
10,000 people in Canada.
A family business founded in 1950, Quebecor is strongly
committed to the community. Every year, it actively supports people
working with more than 400 organizations in the vital fields of
culture, health, education, the environment and
entrepreneurship.
Visit our website: www.quebecor.com
Follow us on Twitter: twitter.com/Quebecor
SOURCE Quebecor