The Caisse de dépôt et placement du Québec is entering a private agreement to give AtkinsRéalis Group Inc. the option to repurchase the seven million common shares held by the investment organization.
The shares held by the Caisse will be repurchased at a price of $90.87 per share, for a total consideration of roughly $636 million. Once the transaction completes, the Caisse will then hold about 27.4 million common shares in the firm, or nearly 16.5 per cent of the total common shares outstanding.
“We are now monetizing part of our investment while remaining the company’s shareholder of reference, reflecting our continued confidence in its prospects,” said Kim Thomassin, executive vice-president and head of Quebec at the Caisse, in a press release.
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The British Columbia Investment Management Corp. is completing a $1.9 billion deal to take-private BBGI Global Infrastructure S.A.
Through the acquisition, the BCI is getting a specialized investment platform focused on contracted infrastructure projects, said Lincoln Webb, executive vice-president and global head of infrastructure and renewable resources at the BCI, in a press release.
“The portfolio also features several Canadian concessions — including transportation, healthcare, and energy infrastructure in British Columbia — that directly benefit many of our clients.”