Seeking Alpha

CGI repurchases $100M in shares from la Caisse

  • CGI Group (GIB -0.5%) completes the buyback of 2.49M Class A subordinate voting shares from La Caisse de dépôt et placement du Québec for $100M.
  • The buyback is part of a broader reduction of la Caisse's stake in CGI, with the pension fund selling a total of 9.96M shares to reduce its stake to 18.7% from 21.9% previously.
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