Staff
The Caisse de dépôt et placement du Québec and Bain Capital plan to reduce their interest in Ski-doo maker Bombardier Recreational Products (BRP) by selling $261 million worth of stock.
The sale will cut the Caisse’s stake in BRP to 5.3% from 6.5% and Bain’s interest will decline to 27.8% from 34%.
The transaction is expected to close at the end of the month.
The Caisse, Bain and the Bombardier and Beaudoin families purchased the recreational products division of Bombardier Inc. in 2003 and BRP was taken public last year.
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