08:26:13 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Industrial Alliance Insurance and Financial Services Inc
Symbol IAG
Shares Issued 100,882,174
Close 2015-03-06 C$ 42.21
Market Cap C$ 4,258,236,565
Recent Sedar Documents

Globe says Manulife, others in deal with Fiera Axium

2015-03-09 07:15 ET - In the News

See In the News (C-MFC) Manulife Financial Corp

The Globe and Mail reports in its Saturday, March 7, edition that after eight years as owners, Morgan Stanley's infrastructure investment unit is selling the Port of Montreal's biggest container terminal to a consortium led by Fiera Axium Infrastructure. The Globe's Nicolas Van Praet writes that the terms of the deal were not disclosed. Fiera Axium, an independent portfolio management firm focused on infrastructure investments, joined banking co-operative Desjardins Group, Manulife Financial, labour fund Fonds de solidarite FTQ and Industrial Alliance Insurance and Financial Services to buy the facility, known as Montreal Gateway Terminals. MGT is the largest container terminal operator at the Port of Montreal, running two of the port's three international terminals and servicing seven global shipping lines. Fiera Axium is partly owned by Montreal investment firm Fiera Capital. Its recent investments include wind farms, a hydroelectric project and the Sorel-Tracy detention centre. Bloomberg News reported on Feb. 24 that Morgan Stanley's infrastructure arm was close to selling the Montreal facility to a group led by Fiera Axium in a transaction valued at almost $650-million.

© 2024 Canjex Publishing Ltd. All rights reserved.