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