Investors strike last-ditch deal to pull Davie from bankruptcy protection

Article Abstract:

Davie Industries Inc could be pulled out of bankruptcy protection after major investors that include Quebec City, Quebec-based Groupe Desgagnes Inc and Groupe Ocean Inc and a US-based consortium agreed to acquire the company for an estimated C$18 million. The US-based consortium is comprised of Arlington, VA-based Syntek Technologies Inc and its financial partner, New York, NY-headquartered Transnational Capital Ventures Inc.

Asset sales & divestitures, Boat Building, Boat Building & Repair, Davie Industries Inc.

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Quebec okays turbine subsidy

Article Abstract:

Rolls-Royce Canada Ltd. is the beneficiary of $25 million in a government subsidy. Rolls-Royce, which will receive the funds over a 10-year period, will use the subsidy in the development of a new power generating turbine.

Product development, Government domestic functions, Receipt of funds, Aircraft Engines & Parts, Aircraft Engine and Engine Parts Manufacturing, Turbines and turbine generator sets, Turbine and Turbine Generator Set Units Manufacturing, Aircraft engines and engine parts, Electric Power Turbines, Finance, Energy policy, Aircraft engine industry, Aircraft engines, Turbine industry, Electric turbines, Rolls-Royce Canada Ltd.

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Quebec auditor slams Caisse conduct

Article Abstract:

Caisse de depot et placement du Quebec has been criticized by Quebec's auditor for a mismanaged fashion industry investment. The company allegedly mismanaged 30 million Canadian dollars for the province's fashion industry.

Financial management, Public affairs, Pension, health, and welfare funds, Pension Funds & Benefit Plans, Pension Funds, Quebec, Ethics, Company investment, Investments, Ethical aspects, Clothing industry, Caisse de Depot et Placement du Quebec, Textile and clothing industry software

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