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Press Room
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SGF invests 25 million dollars in Rona Inc.
Montréal, 17 July, 2001 - Société générale de financement du Québec announces that within the context of the acquisition of Revy Home Center’s selling points by Rona Inc., it subscribed, through a private placement closed on 13 July, to Class D commons shares. SGF acquired 901,225 Class D common shares at $27.74 per share, representing 50% of the Class D outstanding common shares and 9.6% of all outstanding common shares.
This transaction was concluded in order to establish Rona as a leader in its industry and reinforce Québec’s competencies in logistics and national distribution.
The mission of the Société générale de financement du Québec is to carry out economic development projects meeting normal profitability requirements, in collaboration with business partners. As of December 31, 2000, SGF’s consolidated assets totalled $2.3 billion. SGF has 53 international partners in 17 countries, on four continents.
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Source:
Lynda Leith
Advisor - Communications
SGF
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