Sagard bmo

sagard bmo

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Meanwhile, Desmarais said the partnership with the Bank of Montreal, or BMO, would let Sagard build on its initial efforts to market products to. Sovereign wealth fund ADQ and Bank of Montreal agreed to acquire minority stakes in alternatives asset manager Sagard. The sale to Bank of Montreal and Abu Dhabi's sovereign wealth fund, ADQ, helped revalue Power's stake in Sagard to $ billion.
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Read Next. Advertise With Us. Power Corporation of Canada will remain the controlling shareholder of Sagard on the closing of the deal. ADQ is one of a number of Middle Eastern sovereign wealth funds that are still investing large sums of money as other major institutional investors such as pension funds are pulling back on commitments, squeezed by shifts in the market and rising interest rates.