13:17:41 EDT Mon 29 Apr 2024
Enter Symbol
or Name
USA
CA



Power Corp of Canada
Symbol POW
Shares Issued 601,705,762
Close 2023-12-01 C$ 37.73
Market Cap C$ 22,702,358,400
Recent Sedar Documents

FP/wire say Power Corp.'s Sagard closes anti-GHG fund

2023-12-04 09:33 ET - In the News

The Financial Post reports in its Saturday edition that a venture firm backed by Power Corp. of Canada has closed a round for a new climate-technology fund, tapping Quebec institutions as it raised about $37-million (U.S.). A Bloomberg dispatch to the Post says that Montreal-based Diagram Ventures will seek out investments in early-stage companies with promising technology to reduce emissions. The company operates as part as Power Corp.'s alternative investment platform, Sagard Holdings Inc., alongside numerous other entities. Power's major shareholder is Canada's billionaire Desmarais family. "We focus on what we call the 'digital layer' that aims to reduce greenhouse gas emissions," Diagram chief executive officer François Lafortune told Bloomberg. The first of a dozen expected deals is with a company that does electric-vehicle charging infrastructure, and will be announced in January.

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