La Caisse de dépôt et placement du Québec acquires shares of NAPEC Inc.
Sector: Commercial • Location: Canada
Source: Caisse de dépôt et placement du Québec
La Caisse de dépôt et placement du Québec (“La Caisse”) announced today that it has acquired on the Toronto Stock Exchange ownership of 2,334,188 common shares of NAPEC Inc. (formerly CVTech Group Inc.) (the "Corporation") (TSX: NPC), at a price of $0.86 per share. The Corporation, whose head office is located in Drummondville, provides services to public utility and heavy industrial markets, prim
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | unknown |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | La Caisse de dépôt et placement du Québec (“La Caisse”) announced today that it has acquired on the Toronto Stock Exchange ownership of 2,334,188 common shares of NAPEC Inc. (formerly CVTech Group Inc.) (the "Corporation") (TSX: NPC), at a price of $0.86 per share. The Corporation, whose head office is located in Drummondville, provides services to public utility and heavy industrial markets, primarily in Québec, Ontario and eastern United States. The Corporation and its subsidiaries build and maintain electrical transmission and distribution grids, as well as networks for natural gas utilities. In addition, the Corporation installs gas-powered and electric-powered heavy equipment. false false false Before this acquisition, La Caisse held 6,360,500 common shares of the Corporation, or 8.89% of the common shares outstanding. Following this acquisition, La Caisse now owns 8,694,688 common shares of the Corporation or 12.15% of the common shares outstanding. La Caisse may increase or decrease its investment of the Corporation based on market conditions or other relevant factors. This news release is issued in accordance with the early warning requirements stipulated by securities regulation, which require that investors, including La Caisse, issue and file a news release and a report, then they acquire beneficial ownership of securities with voting rights that would represent, with the securities they already hold, 10% or more of the outstanding shares of the class. In accordance with the Early Warning System, a copy of this news release and the report will be filed with the applicable Canadian Securities Administrators and will be available on SEDAR's website (www.sedar.com) and from the person referred to below. ABOUT LA CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC La Caisse de dépôt et placement du Québec is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at June 30, 2014, it held $214.7 billion in net assets. As one of Canada’s leading institutional fund managers, La Caisse invests in major financial markets, private equity, infrastructure and real estate, globally. For more information: www.cdpq.com. false false false |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
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State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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Article Published Date | Obfuscated Data |
