CDPQ invests $158 million in WSP's expansion
Creation of new world leader in the power & energy sector
This strategic acquisition, valued at
"Through this investment, CDPQ is reaffirming its long-standing commitment to WSP, allowing the company to carve out an influential position in the global power & energy industry and contribute to the transition under way," said
"This acquisition places us at the front lines of the energy transition. I would like to underscore CDPQ's trust and commitment to our organization, as we plan to expand our scope and promote an even more sustainable future around the world," said
Since becoming a shareholder of WSP in 2011, CDPQ has supported the company in its expansion plan. Today's announcement represents the eighth investment financed by this institutional investor, including numerous transformational acquisitions. Following this transaction, CDPQ will remain the largest shareholder of the company.
ABOUT CDPQ
At CDPQ, we invest constructively to generate sustainable returns over the long term. As a global investment group managing funds for public pension and insurance plans, CDPQ works alongside its partners to build enterprises that drive performance and progress. CDPQ is active in the major financial markets, private equity, infrastructure, real estate and private debt. As at
CDPQ is a registered trademark owned by Caisse de dépôt et placement du
For more information
JEAN-BENOÎT HOUDE
Director, Public Relations
+ 1 514-652-4344
jbhoude@cdpq.com
SOURCE CDPQ