US EditionLa Caisse to sell part of its stake in Cogeco Communications
La Caisse will reinvest $229 million proceeds from selling 11% of Cogeco Communications to support growth in Quebec-based companies, maintaining its largest shareholder status.
- On Jan. 26, 2026, La Caisse announced it will sell a block of Cogeco Communications subordinate shares representing nearly 11% at $67.45 per share, generating around $229 million gross proceeds.
- La Caisse said the move is part of periodic portfolio rebalancing and the fund intends to redeploy proceeds into Quebec-based companies to support growth.
- Having invested earlier, La Caisse supported Cogeco Communications in 2013 with a $50 million loan, contributed USD 315 million toward MetroCast in 2017, and participated in a $350-million block purchase in 2023, the fund said.
- Retaining top-holder status ensures the fund keeps influence while selling a portion, and La Caisse said it continues to believe in Cogeco Communications' potential serving 1.6 million customers in Canada and the United States.
- Following Cogeco Inc.'s wireless launch last year, La Caisse's net assets of CAD 496 billion position it to redeploy proceeds benefiting over 6 million Quebecers, the fund said.
39 Articles
39 Articles
Cogeco shares fall 6% as Quebec's Caisse trims stake in $229-million share sale
Caisse de depot et placement du Quebec is selling part of its stake in Cogeco Communications Inc., freeing up approximately $229 million as part of what it called a “periodic portfolio rebalancing.” The block represents nearly 11 per cent of Cogeco's issued and outstanding subordinate shares, though the pension fund will still remain its biggest shareholder.
The Courier-Tribune
La Caisse to sell part of its stake in Cogeco Communications
MONTRÉAL, Jan. 26, 2026 /PRNewswire/ - La Caisse (formerly CDPQ) today announced its intention to sell a block of shares of Cogeco Communications (TSX: CCA), representing nearly 11% of the company's issued and outstanding subordinate shares, at a gross price…
The Caisse sells $229 million in shares of Cogeco Communications, equivalent to half of its shares in the Montreal Internet, wireless, video and wireline telephone service provider.
Winnipeg Free Press
La Caisse to sell part of its stake in Cogeco Communications, citing rebalancing
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