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Quebec pension fund says CSeries-Airbus deal 'strengthens the company'
October 17, 2017 / 12:32 AM / a month ago

Quebec pension fund says CSeries-Airbus deal 'strengthens the company'

MONTREAL (Reuters) - Quebec’s largest pension fund said on Monday a decision by Airbus SE (AIR.PA) to take a majority stake in Bombardier Inc.’s (BBDb.TO) CSeries “strengthens the company.”

The Caisse de depot et placement du Quebec, which holds a 30 percent stake in Bombardier’s rail division, said the deal improves the company’s “prospects for growth, and makes the company more robust over the long term, which is important to shareholders.”

Reporting by Allison Lampert; Editing by Sandra Maler

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