Investors team up to commit $200 mln to La Coop fédérée
La Coop fédérée, a Montréal-based agri-food enterprise and agricultural collective, has secured a $200 million investment in preferred shares. The funding came from National Bank of Canada, as well as Fonds de solidarité FTQ, Fondaction CSN and Capital régional et coopératif Desjardins, which also accounted for investments of $155 million in 2012 and 2013. CEO Gaétan Desroches said the funds raised will support priorities in La Coop fédérée's five-year growth plan, including acquisition and capital investment projects. Founded in 1922, La Coop fédérée represents more than 90,000 members in nearly 70 cooperatives with operations across Canada.
28 June 2017•5 mins read
