Ocean Group obtains new leverage to accelerate its growth

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Today, Québec Marine Day, Caisse de dépôt et placement du Québec (la Caisse) and Fonds de solidarité FTQ (le Fonds) are pleased to announce that they are taking a minority stake totalling $112 million, invested in equal amounts, in Ocean Group, a Québec leader in maritime services that primarily operates in Canada, and now, internationally. Ocean Group will use this investment to pursue its growth plan, which mainly involves expanding its Canadian activities, continuing its global growth and acquiring new Equipment. false false false As infrastructure needs are growing around the world and maritime traffic is continuously increasing, Ocean Group, which has 45 years of expertise in its industry, is well positioned to continue expanding in its current markets and well as provides its services abroad. false false false ABOUT OCEAN GROUP Ocean, a major Quebec maritime company, operates primarily in Quebec, Ontario, New Brunswick, Alberta and in the Caribbean region. Around 900 employees carry out a multitude of projects in the three major complementary sectors offered by Ocean, namely shipbuilding and repair, harbour towing and transportation, as well as rental of specialized marine equipment and dredging. ABOUT CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC Caisse de dépôt et placement du Québec (la Caisse) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at June 30, 2018, it held CAD308.3 billion in net assets. As one of Canada’s leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt. For more information, visit cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages. ABOUT FONDS DE SOLIDARITÉ FTQ Fonds de solidarité FTQ is a development capital investment fund that channels the savings of Quebecers into investments. As at May 31, 2018, the organization had $14.3 billion in net assets, and through its current portfolio of investments has helped create and protect 194,746 jobs. The Fonds is a partner in 2,839 companies and has 667,417 shareholder-savers.