Caisse de Dépôt et Placement to keep stake in McInnis

Caisse de Dépôt et Placement no longer intends to sell its interest in Ciment McInnis’ cement plant in Port-Daniel, Gaspésie, Canada.

"We are convinced of the potential of this company. We are comfortable with this investment. We have work to do, but it's true for all our investments, "said Caisse CEO, Michael Sabia.

The Caisse commissioned a consulting firm last year to study several scenarios, including the sale of the CAD1.5bn (US$1.17bn) cement plant.