Project by Bombardier Inc.’s Founding Family To Result In Hundreds of Millions $ Losses for Quebec taxpayers
Caisse cedes control of controversial cement plant to Brazil's Votorantim
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Brazil's Votorantim Cimentos SA is taking control of the McInnis Cement plant in Quebec, a controversial project championed by Bombardier Inc.'s founding family that will likely result in hundreds of millions of dollars worth of losses for Quebec taxpayers.
Bombardier and Beaudoin family holding "Beaudier Inc." shareholders and more: https://www.companiesofcanada.com/company/140153-0...
No purchase price was disclosed and no mention was made of the Bombardier family, which instigated the taxpayer-backed McInnis project years ago only to lose control of it to the Caisse when construction costs ballooned.
The private transaction is a complex one and the family remains in the picture in the new ownership structure...
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