The Globe and Mail reports in its Tuesday edition that Rogers Communications is selling its entire stake in Cogeco Inc. and subsidiary Cogeco Communications for $829-million to the Caisse de dépôt et placement du Québec as the Toronto-based telco looks to pay down debt after its takeover of Shaw Communications. The Globe's Alexandra Posadzki writes that Caisse will then sell some of those shares to the public as well as back to Cogeco Inc. through a complex series of deals, leaving it with a 16.1-per-cent share of Cogeco Communications. The sale comes roughly three years after Rogers unsuccessfully attempted to acquire the Quebec cable company's Canadian assets. The proposed takeover would have seen Rogers snap up Cogeco's Canadian operations while New York-based Altice USA Inc. would have acquired the U.S. cable business, which has since been renamed from Atlantic Broadband to Breezeline. The unsolicited joint bid, which was sweetened to $11.1-billion, failed to win the support of Cogeco executive chairman Louis Audet and his family, which controls the Cogeco companies through multiple voting shares. Mr. Audet repeatedly stated that the companies were not for sale, drawing support from the Caisse.