The Caisse de dépôt et placement du Québec invests close to $200 million in Industrial Alliance

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The Caisse de dépôt et placement du Québec announced its acquisition of a block of 6 000 000 common shares of Industrial Alliance, Insurance and Financial Services Inc., representing an additional investment of close to $200 million in this company. Based in Québec City since 1892, Industrial Alliance is a life and health insurance company active in the North American market. The company has more than 3,900 employees and manages and administers over $70 billion in assets. "Industrial Alliance is a long-standing partner of the Caisse. Created over a century ago, this Québec company has an impressive track record. Enjoying a leadership position in the country's life and health insurance industry, the company is very well positioned to continue to grow," indicated Normand Provost, Executive Vice-President, Private Equity and Chief Operations Officer of the Caisse. This investment is part of our strategy to invest in high-quality and promising Québec companies in an effort to generate long-term returns for our depositors," he added. ABOUT THE CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC The Caisse de dépôt et placement du Québec is a financisal institution that manages funds primarily for public and private pension and insurance plans. As at December 31, 2010, it held $151.7 billion in net assets. As one of Canada’s leading institutional fund managers, the Caisse invests in major financial markets, private equity and real estate. For more information: www.cdpq.com. false false false