CDPQ Boosts Stake in Saputo with $378M Share Purchase

The investment manager now holds a 4.51% stake in the dairy company after acquiring 13.5 million shares.

CDPQ acquired 13.5 million shares of Saputo at $27.96 per share, totaling approximately $378 million.
With this purchase, CDPQ's total holdings in Saputo have increased to 19,152,378 common shares.
This acquisition is part of a larger transaction involving the sale of 40 million shares by Francesco Saputo for estate and succession planning.
Jolina Capital Inc., Lino Saputo, and other Saputo family members bought the remaining 26.5 million shares.
Francesco Saputo retains ownership of 2.5 million shares of the dairy company.