Caisse de dépôt et placement du Québec (CDPQ) has made a significant increase in its majority stake in limited partnership Trencap, alongside the Fonds de solidarité FTQ. Through Noverco, Trencap is the sole owner of Énergir.
Following this transaction, CDPQ holds 80.9 percent of Trencap shares, while the Fonds de solidarité FTQ maintains its 19.1 percent stake in the company, making Énergir a company that is now wholly owned by Quebec investors.
This announcement follows an initial transaction of $1.14 billion made public in June 2021, through which Trencap became the sole owner of Noverco, which owns 100 percent of Énergir shares.
With more than $9 billion of assets and 535,000 customers across Quebec and the northeastern United States, Énergir is a diversified energy business, with half of its assets now involved in the production and distribution of electricity and renewable energies and in providing energy services.
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