Montréal, March 6, 2015 – The Fonds de solidarité FTQ has joined the Québec-based majority consortium led by Fiera Axium Infrastructure for the acquisition of Montreal Gateway Terminals (MGT). This investment is part of the Fonds’ desire to support Québec’s maritime and strategic infrastructure sectors. The transaction was made public earlier today by Fiera Axium Infrastructure.
“MGT is a key component of the Port of Montréal, an important asset for all of Québec. With our Québec partners, we are thus bringing back to Montréal a strategic infrastructure’s majority ownership and its decision making-center. This is a good investment for our shareholders and for the Québec economy”, said Normand Chouinard, Executive Vice-President, Investments, for the Fonds de solidarité FTQ.
“The development of strategic infrastructure such as MGT is essential for tomorrow’s Québec economy. The company is at the heart of the maritime sector, of which the Saint-Lawrence River is the backbone”, continued Jean Wilhelmy, Senior Vice-President, Aerospace, Construction and Services.
About the Fonds de solidarité FTQ
The Fonds de solidarité FTQ helps drive our economy. With net assets of $10.5 billion as of November 30, 2014, the Fonds is a development capital fund that channels the savings of Quebecers into investments in all sectors of the economy to help create and maintain jobs and further Québec’s development. The Fonds is a partner, either directly or through its network members, in more than 2,450 companies. With more than 600,000 shareholder-savers, the Fonds helps create, maintain and protect more than 172,000 jobs. For more information, visit www.FondsFTQ.com.
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