The only sustainable kind of investment policy is one that encourages people to invest in Canada because it makes economic sense, not because the government holds a gun to their heads
The 75-year-old co-founder of Letko Brosseau & Associates announced he would transition to an advisory role at the start of next year, after spending nearly half his life as senior vice-president of the Montreal-based fund manager
By Jon Hemmerdinger2021-05-14T16:17:00+01:00
Canadian billionaire investor Pierre Karl Peladeau has reportedly scrapped his effort to acquire Transat AT, the Montreal company that owns leisure carrier Air Transat.
On 13 May,
The Globe and Mail reported that Peladeau “abandoned” the offer because prime Transat shareholder Letko Brosseau & Associates insisted Transat is worth more than Peladeau’s offer of C$5 ($4.13) per share.
The news comes six weeks after Air Canada’s planned acquisition of Transat fell through.
Source: Airbus
An Air Transat Airbus A321LR
Transat has since secured C$700 million in government aid – funds it says will enable it to resume flights.