Quebec’s controversial pension reform legislation, Bill 3, passed into law last week. The law divvies up responsibility for paying down governments $3.9 billion pension debt 50-50 between employers and employees. As a result, employees now shoulder more of the burden for paying down pension debt in the form of higher contributions. Now, union leaders are … Continue reading Unions Speak Out Against Quebec’s Bill 3, Plan Next Moves
The Canadian Pension Plan Investment Board, along with a private equity partner, are close to buying pet supply retailer Petco for $4.7 billion, according to a report from the New York Times. From the Times: Petco is near an agreement to be acquired by CVC Capital Partners and the Canadian Pension Plan Investment Board for … Continue reading Canada Pension Close to $4.7 Billion Deal to Buy Petco: Report
Caisse de dépot et placement du Québec has teamed with a group of Mexican institutional investors to invest $2.1 billion in Mexican infrastructure projects over the next 5 years, the pension fund announced on this week. Caisse is familiar with Mexico; last year, the fund announced plans to invest up to $500 million in the … Continue reading Quebec Pension Teams With Mexico Investors on $2 Billion Infrastructure Partnership
The Canada Pension Plan Investment Board (CPPIB) revealed on Thursday that it has purchased a stake, worth about $1.6 billion, in two U.K. telecommunications companies. The companies – O2 U.K. and Three U.K. – will merge upon completion of the deal. After the merger, the CPPIB will own a 12 percent stake in the firm. … Continue reading CPPIB Pays $1.6 Billion for Big Stakes in UK Telecommunications Firms
The Healthcare of Ontario Pension Plan has bought large stakes in two shopping malls from fellow Canadian pension fund Caisse de depot et placement du Quebec. From Reuters: Ivanhoé Cambridge, the real estate arm of Canada’s second-largest pension fund, said on Friday it had sold its 50 percent interest in two Ontario shopping centers to … Continue reading Ontario Health Pension Buys Two Malls From Quebec Pension
Caisse de dépôt et placement du Québec, Canada’s second-largest pension fund, recently reached an agreement to finance, execute and own the province’s new public transit projects. Moody’s views the deal as a credit negative for the pension fund. From Chief Investment Officer: Rating agency Moody’s has outlined concerns it has over a C$4 billion (US$3.2 … Continue reading Moody’s Has Concerns About Quebec Pension Taking Over Public Infrastructure Projects
Canadian pension fund Caisse de dépôt et placement du Québec said on Friday it had completed the second most expensive office sale in U.S. history by buying a Manhattan office tower for $2.2 billion. The fund partnered with Callahan Capital Properties to buy the building, located at Three Bryant Park. More from the Wall Street … Continue reading Quebec Pension Buys Manhattan Office Tower for $2.2 Billion; Second Most Expensive Office Sale in U.S. History
Canada’s second largest pension fund struck a deal with Quebec this week to take over the province’s new public transit projects. Under an agreement reached between the Caisse de dépôt et placement du Québec and the Quebec government, the pension fund will finance and own the province’s new public transit projects. The editorial board of … Continue reading Canadian Newspaper: Quebec Pension Infrastructure Plan in Novel, But Won’t Lead to “Optimal Returns”
Canada’s second largest pension fund has agreed to take over Quebec’s new public transit projects. Under an agreement reached between the Caisse de dépôt et placement du Québec and the Quebec government, the pension fund will finance and own the province’s new public transit projects. More from the Montreal Gazette: The Caisse de dépôt et … Continue reading Quebec Pension Will Own and Finance New Public Transportation Projects
Caisse de Depot et Placement du Quebec, the entity that manages Quebec’s public pension plans, is part of the consortium of investors that agreed to buy PetSmart over the weekend. Details from the New York Times: PetSmart agreed on Sunday to sell itself to a group led by the investment firm BC Partners for about … Continue reading Quebec Pension Part of Investor Group Buying PetSmart
