Québec's Caisse de dépôt Invests C$400M in MEG Energy

Pension fund manager Caisse de dépôt et placement du Québec announced it has made a private placement in Calgary, Alberta-based oil sands developer MEG Energy Corp. The investment, totaling C$400 million, is expected to close before the end of this year. MEG Energy was formerly backed by private equity investors KERN Partners and Warburg Pincus. The company completed a C$700 million IPO in 2010.

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