Markets

Global Investment Group CDPQ Boosts Stake In Saputo

September 30, 2024 — 08:44 am EDT

Written by RTTNews.com for RTTNews->

(RTTNews) - Global investment group CDPQ announced Monday an additional investment of approximately $378 million in Saputo Inc. (SAP.TO), a processor, producer, marketer and distributor of dairy products.

CDPQ's stake in the company now totals approximately 4.5%, following the acquisition of 13.5 million shares at a price of $27.96 per share. CDPQ's first stake in Saputo dates back to 1997.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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