CDPQ to invest $315 mln in Cogeco's buy of MetroCast assets

Cogeco Communications Inc (TSX: CCA) has agreed to acquire all of the cable systems of the MetroCast brand owned by Harron Communications LP, a U.S. digital cable and communications provider. Cogeco's Atlantic Broadband agreed to pay US$1.4 billion for the assets. The deal, expected to close in early 2018, will add approximately 120,000 internet and 76,000 video customers to Atlantic's U.S. base. Cogeco, a Montréal telecommunications and media company, said Caisse de dépôt et placement du Québec (CDPQ) agreed to invest US$315 million in support of the acquisition. The investment will give CDPQ a 21 percent stake in Atlantic's holding company.

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