December 19, 2015
A group of institutional investors and banks have announced a $470 million investment into Canada’s largest dairy cooperative, Agropur, in the form of preferred units. The investment is comprised by a $150 million placement by La Caisse de dépôt et placement du Québec, a $75 million placement by both the National Bank and the Fonds de solidarité FTQ, a $65 million placement by Investissement Québec, a $55 million placement by Capital regional et coopératif Desjardins, and a $50 million investment by Fondaction CSN. The injection of funds will be allocated to support the cooperative’s long term growth and to finance the recently announced acquisition of U.S.-based Davisco and Sobeys and Northumberland of Canada, which will make Agropur one of the largest dairy processors in North America.
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