Hydro-Québec sells Noverco stake for $900 million
On June 30, 2004, Hydro-Québec sold its 50.4% shareholding in Noverco and $285 million in subordinate debt instruments to a consortium headed by the Caisse de dépôt et placement du Québec for $900 million.
Hydro-Québec was advised in this transaction by Jean-René Gauthier.