CGI to repurchase $272.8 mln of Caisse de dépôt-held shares
CGI Group Inc (TSX: GIB.A, NYSE: GIB) has agreed to purchase for cancellation about 3.6 million Class A subordinate voting shares held by Caisse de dépôt et placement du Québec. The deal, which prices shares at $75.06 per unit, has a value of $272.8 million. With the close, the Caisse will hold about 15.1 percent of total outstanding shares. Executive Vice President Christian Dubé, who oversees the Caisse's private equity portfolio in Québec, said the pension fund will remain one of CGI's main investors and continue to support the company's growth. Montréal-based CGI is an information technology and business consulting services provider.
8 May 2018•3 mins read
