The Desjardins Group Pension Plan is boosting its stake in real estate developer Ivanhoe Cambridge by $145.5 million, Pensions & Investments reports. The investments makes the Quebec City pension plan a co-shareholder with Ivanhoe’s parent Caisse de Depot et Placement du Quebec.
Post-deal, Ivanhoe Cambridge will hold 3 percent in the $6.006 billion Desjardins plan. The $151.85 billion Caisse will hold 94 percent of the firm.
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