POWER CORP OF CANADA (POW.CA) Stock News

EDF Renewables North America and Power Sustainable Energy Infrastructure Announce Commercial Operation of Desert Quartzite

Sagard to Open New Private Equity Fund for Retail Investors

Canada’s Sagard Holdings Inc. is starting a private equity fund for retail investors, the latest example of an alternative asset manager extending its reach beyond institutional investors and ultra-high net worth individuals.

Mentions: 1571999D.CA

Power Corp. Drops Most Since 2022 on Surprise Investment Losses

Shares of Power Corp. of Canada, the financial holding company controlled by Canada’s Desmarais family, fell by the most in more than two years after reporting unexpectedly large losses related to some of its smaller investments.

Power Sustainable Invests in EDF Renewables North America Solar and Storage Project

Desmarais’ Power Sustainable Gives Up on China Equities Strategy

Power Sustainable, a climate-focused firm that’s controlled by Montreal’s billionaire Desmarais family, is shutting its investment management operations in China and winding down its public equities strategy in the country.

Mentions: 3271469Z.CA

Lawrence Leaves Scotiabank to Take CFO Role for Desmarais Firm

Bank of Nova Scotia said Michael Kruse will become head of corporate and investment banking on an interim basis after Jake Lawrence decided to leave for a senior role at the Desmarais family’s holding company.

Mentions: BNS.CA

Billionaire Desmarais Family Sees Gain on Private Equity Deal

Power Corp. of Canada, the holding company of Canada’s billionaire Desmarais family, increased the estimated value of its Sagard Holdings alternative investments unit after closing a deal to sell a minority stake in it.

Mentions: BMO.CA

Power Corporation of Canada CFO Tretiak to take medical leave (TSX:POW:CA)

Power Corporation of Canada announces the medical leave of absence of CFO Gregory Tretiak and the appointment of Denis Le Vasseur as interim financial...

Desmarais Family’s Sagard Pushes for Growth With Private Retail Funds

Sagard Holdings, the alternative asset manager controlled by Canada’s billionaire Desmarais family, is working to boost sales of its private-asset funds to retail investors.

Mentions: 1571999D.CA BMO.CA