Alberta, Quebec, Ontario Pension Funds Sell TMX Group Shares
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Three funds sell combined 10% stake in exchange operator
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Pension funds to retain 5% stake after TMX shares rally
Three of Canada’s largest pension funds sold a combined 10 percent stake in TMX Group Ltd. for about C$312 million ($241 million), cutting by almost half their holdings in the operator of the Toronto Stock Exchange.
Alberta Investment Management Corp., on behalf of some of its clients, Caisse de Depot et Placement du Quebec and Ontario Teachers’ Pension Plan Board each agreed to sell 1.8 million common shares of TMX at C$57.70 a share through a group of banks led by Toronto-Dominion Bank’s TD Securities, according to a joint statement Monday.
The sale price represents a 4.1 percent decline from the Aug. 19 close, the biggest drop since Dec. 18. TMX shares have soared 61 percent this year…
Alberta, Quebec, Ontario Pension Funds Sell TMX Group Shares
