CGI repurchases $100M in shares from la Caisse

|About: CGI Group Inc. (GIB)|By:, SA News Editor

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.