CDPQ to Sell 2,312,000 Common Shares of Intact Financial Corporation
MONTREAL, Feb. 26, 2024 (GLOBE NEWSWIRE) --
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CDPQ announced today that it will sell 2,312,000 common shares ("Common Shares") of Intact Financial Corporation (TSX: IFC) representing approximately 1.3% of the issued and outstanding Common Shares of IFC as of February 26, 2024 (the “Offering”). - After giving effect to the trade, CDPQ will continue to hold approximately 8.9% of the issued and outstanding Common Shares of IFC.
- Following this transaction, CDPQ remains a key shareholder of Intact.
- “CDPQ continues to be a valued partner in Intact’s evolution as a leading international P&C insurer, and will remain our largest shareholder following this transaction,” said Louis Marcotte, Executive Vice President and CFO, Intact Financial Corporation.