Search by
Mackenzie Financial Corporation ("Mackenzie" or "Mackenzie Investments"), a subsidiary of IGM Financial Inc., has closed the previously announced transaction to acquire Power Corporation of Canada's ("PCC") 13.9 percent interest in China Asset Management Co., Ltd. ("ChinaAMC") for cash consideration of $1.15 billion.
The deal closed on January 12, 2023, and doubled Mackenzie's total interest in ChinaAMC to 27.8 percent.
Parties
Company
IGM Financial Inc.
Company
China Asset Management Co.
Deal Type
Merger & AcquisitionIndustry
Banking/FinanceTransaction
$ 1,150,000,000Deal Status
ClosedClosing Date
12 January 2023