Placements CMI, CDPQ and Fonds FTQ acquire Canam Group's Canadian operations

Placements CMI, CDPQ and Fonds de solidarité FTQ signed a definitive agreement to acquire all of Canam Group's Canadian operations and certain US and overseas assets from American Industrial Partners for over C$840 million. The transaction is expected to close in the coming weeks.

“This transaction will repatriate control of the company to Québec and allow it to continue expanding, guided by its strong entrepreneurial culture.”newswire.ca

• 1 source
• newswire.caPlacements CMI (Marcel Dutil family), CDPQ and the Fonds de solidarité FTQ acquire the Canadian operations of Canam GroupGroupe CanamJan 20, 2020

Summarized from public sources; check the original articles before acting on it.