May 9, 2018 / 11:41 AM / 4 months ago

Quebecor buys remainder of Quebecor Media for C$1.69 billion: report

(Reuters) - Canadian telecom firm Quebecor Inc (QBRb.TO) has agreed to buy out pension fund Caisse de depot’s stake in Quebecor Media for C$1.69 billion ($1.31 billion), giving it complete control of the broadcaster and publisher, the Globe and Mail newspaper reported.

Quebecor will issue C$150-million of convertible debentures to fund the deal, Globe and Mail said. (tgam.ca/2jH4gES)

Quebecor and Caisse were not immediately available for comment.

Reporting by John Benny in Bengaluru; editing by Patrick Graham

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below