Newspaper article The Canadian Press

Little Scope for Big, Dramatic Buys in Canada Says Power Corp. CEO

Newspaper article The Canadian Press

Little Scope for Big, Dramatic Buys in Canada Says Power Corp. CEO

Article excerpt

Power Corp. looking outside Canada for deals

--

TORONTO - Power Corp. of Canada co-CEO Paul Desmarais says there is little scope for "big, dramatic" acquisitions in the Canadian marketplace.

Desmarais says Power Corp. reshaped the Canadian insurance and mutual fund industries in recent decades by acquiring companies such as Mackenzie Investments, Canada Life and London Life through its subsidiary, Power Financial.

"There's just not a lot to reshape in Canada," Desmarais said when asked about the company's growth aspirations following its annual shareholder meeting in Toronto Friday.

"There's a few companies left but not a lot."

Desmarais also echoed comments made Thursday by Power Financial Corp. CEO Jeffrey Orr, who said the U.S. is one of the markets where the company is looking for growth through acquisitions. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.