Quebecor Media buys part of Caisse stake for C$500 mln

September 9, 2015 1:11 PM

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Sept 9 Telecommunications provider and publisher Quebecor Media Inc, a unit of Quebecor Inc, said it had bought 28.6 percent of Caisse de dépôt et placement du Québec's stake in the company for C$500 million ($377 million).

Quebecor Media said the 7.3 million shares, held by Caisse unit Capital d'Amérique Investissements, would be canceled.

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