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Market Closed -
Other stock markets
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5-day change | 1st Jan Change | ||
| 28.55 CAD | +0.11% |
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-3.90% | -9.42% |
(Reuters) - Canadian telecom firm Quebecor Inc has agreed to buy out pension fund Caisse de depot's stake in Quebecor Media for C$1.69 billion ($1.31 billion), giving it complete control of the broadcaster and publisher, the Globe and Mail newspaper reported.
Quebecor will issue C$150-million of convertible debentures to fund the deal, Globe and Mail said. (https://tgam.ca/2jH4gES)
Quebecor and Caisse were not immediately available for comment.
($1 = C$1.29)
(Reporting by John Benny in Bengaluru; editing by Patrick Graham)
| 1st Jan change | Capi. | |
|---|---|---|
| +6.48% | 193B | |
| +7.40% | 169B | |
| -2.71% | 111B | |
| -2.55% | 92.35B | |
| +18.72% | 74.49B | |
| -4.00% | 55.4B | |
| -2.85% | 52.16B | |
| -10.59% | 43B | |
| -31.77% | 37.53B |
QUEBECOR INC. 
