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CDPQ announces increase to previously announced sale of common shares of Intact Financial

MONTREAL, Feb. 19, 2025 (GLOBE NEWSWIRE) — CDPQ today announced that it has increased the size of its previously announced sale of common shares of Intact Financial Corporation (TSX: IFC). Pursuant to the amended terms, CDPQ has agreed to sell 3,577,000 common shares, representing approximately 2.0% of the issued and outstanding common shares of Intact […]



CDPQ has announced an increase in the size of its previously announced sale of common shares of Intact Financial Corporation (TSX: IFC). Under the amended terms, CDPQ will sell 3,577,000 common shares, representing approximately 2.0% of Intact's issued and outstanding shares as of February 19, 2025. The shares will be sold at a gross price of $278.60 per share, with total gross proceeds expected to be approximately $996,552,200. The offering is underwritten by CIBC Capital Markets and National Bank Financial.

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