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Group led by FX Souvay and Power Energy Corporation completes Lumenpulse going-private transaction

Fasken
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Lumenpulse Group Inc.

Lumenpulse closed its going-private transaction pursuant to which a group led by Mr. François-Xavier Souvay, the Founder, President and CEO of Lumenpulse, several other existing shareholders of the Company and Power Energy Corporation, a wholly-owned subsidiary of Power Corporation of Canada acquired all of the issued and outstanding common shares of Lumenpulse by way of a plan of arrangement for $21.25 per share in cash. The transaction values Lumenpulse at $600 million. Fasken represented Lumenpulse with respect to the arrangement.

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