CAE’s largest shareholder has just increased its stake in the Montreal provider of airline pilot training software solutions above the 10% mark.
Asset manager Mackenzie purchased approximately $25 million worth of shares of CAE in October, that is to say 803,199 shares.
These transactions meant that Mackenzie’s stake was just above the 10% mark at the beginning of November, it is specified in a document just filed with the authorities.
This institutional investor increased its investment in CAE in June to become the only one to hold a stake greater than 10%. However, investment had slipped below 10% in August after the sale of blocks of CAE shares.
The Caisse de dépôt et placement du Québec still does not want to say whether it will support the purchase offer from an American group accepted this fall by the Montreal maritime and environmental services company Logistec. The largest institutional shareholder of Logistec, the Caisse indicated to The Press this week that it was aware of the arrangement proposed in the circular just published by Logistec and that it will make its position known following the shareholders’ meeting scheduled for December 18. The Caisse specifies, however, that it is in the company of the Quebec company QSL that it presented a competing proposal which was not accepted by Logistec.
There National Bank announced on Friday the issuance of bonds panda allowing him to raise the equivalent of 191 million in Canadian dollars. The National Bank was the first North American financial institution to be able to borrow capital on the Chinese bond market after launching a bond program panda in 2016. A “panda” is a renminbi-denominated bond issued by a non-Chinese issuer in China. In the same way as in Japan we talk about bonds samurai and United States bonds Yankeethis is the term bonds maple which is used here to refer to foreign issuers that finance themselves in the Canadian market. This issue makes it possible to diversify the bank’s sources of financing. The proceeds of the issue can help the bank financially support the activities of clients in China or local Chinese partners in their expansion projects.
The big boss of CGI Group has just made a gross gain of 11.5 million by selling shares of the Montreal technological services company. George Schindler exercised 113,695 options on November 17 at a strike price of $37.82 and then sold these securities the same day at a unit price of $139.40.
A senior manager of Saputo has just purchased nearly a quarter of a million dollars worth of shares in the Montreal dairy processor. The head of the UK dairy division, Tom Atherton, purchased a total of 8,860 shares during the trading sessions of November 16 and 17.
A member of the management team of ECB has just sold nearly $2.6 million worth of shares in the Montreal telecommunications company. The head of business markets, customer experience and artificial intelligence, John Watson, sold a total of 48,717 shares on November 7 and 10.
Quebec titles of Gildan, Lassonde And Alimentation Couche-Tard all hit a 52-week high this week on the Toronto Stock Exchange. On the other hand, those of Supremex, NanoXplore, TVA Group And Alithya slipped this week to a 52-week low.