AIMCo, CDPQ, Ontario Teachers' to sell 9.9 pct stake in TMX
Alberta Investment Management Corp (AIMCo), Caisse de dépôt et placement du Québec (CDPQ) and Ontario Teachers' Pension Plan have agreed to sell 1.8 million common shares each in TMX Group Ltd, which owns and operates the Toronto Stock Exchange. The shares, priced at $57.70 per share, represent a combined 9.9 percent of TMX's issued and outstanding shares. Following the sale, AIMCo, CDPQ and Ontario Teachers' will each continue to hold about 5 percent of shares and each have a nominee on the board. The pension funds invested in TMX as part of company's acquisition for $3.8 billion in 2012.
23 August 2016•3 mins read
