Cement News tagged under: Ciment McInnis
CDPQ to invest additional CAD150m in Ciment McInnis18 July 2019, Published under Cement NewsCaisse de dépôt et placement du Québec (CDPQ) will invest a further CAD150m (US$115m) to Ciment McInnis, despite evaluating a possible divestment in the cement maker over the past year. A consortium of 11 Canadian and international banks has also extended a CAD300m loan to the company and Beaudier Inc has invested a further CAD50m. “The context has changed because the cement plant has a very good performance,” said CDPQ spokesperson Yann Langlais-Plante. "The overall demand for the cement ... |
Caisse de Dépôt et Placement to keep stake in McInnis07 February 2019, Published under Cement NewsCaisse 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. |
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