Peladeau consolidates power at Quebecor
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Hey there, time traveller!
This article was published 08/08/2009 (6146 days ago), so information in it may no longer be current.
MONTREAL — Pierre Karl Peladeau has consolidated his control over the holding company that controls Quebecor Inc. (TSX:QBR.B).
In accordance with the will of his late father Pierre Peladeau, Pierre Karl Peladeau acquired his brother Erik’s interest in the trust that controls Les Placements Peladeau Inc. (PPI) for a nominal amount.
Pierre Karl Peladeau, president and CEO of Quebecor, now controls all of the class A and class B Shares of Quebecor held by PPI and Holding Peladeau Inc. (HPI), a subsidiary of PPI.
PPI holds 17.1 million class A multiple voting shares of Quebecor and 19,800 class B shares. HPI holds 321,000 class A multiple voting shares. Pierre Karl Peladeau also owns 3,200 class A multiple voting shares, 50,000 class B shares of QI and holds 1.4 million options to purchase class B shares.
Quebecor owns the Sun Media chain of newspapers and TVA television.
— The Canadian Press