Hints and tips:
...A version of this article was first published by the Nikkei Asian Review on January 8 2020. @2020 Nikkei Inc. All rights reserved....
...Both Quebecor and the Caisse were later forced to take hefty writedowns on the investment....
...Unluckily the existing protocol is based on a Canadian printing company called Quebecor World, which hit the wall in January. It was worth about $100m. A new protocol is now promised....
...Meanwhile printing company Quebecor, a constituent of the CDX index, the US equivalent to Europe’s Crossover, applied for creditor protection after conditions for a C$400m ($388m) rescue financing were not...
...The Péladeaus’ holdings in Quebecor World – as well as the shares of every other investor – are now worthless....
...Pierre Karl Péladeau, president and chief executive, said Quebecor World had already started a US$250m retooling programme in Europe designed to improve service and reduce costs....
...It would be the biggest company operating in the EU ahead of Britain's Polestar and Canada-based Quebecor....
International Edition