Power Corporation of Canada
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Power Corporation of Canada is a Canadian group of companies with headquarters in Montreal.
The company was founded in 1925 by Arthur J. Nesbitt and his business partner Peter Thompson. In 1952 the son of Arthur Deane Nesbitt to the line head of the company. In 1968 the company was sold to the Group by the Canadian Paul Desmarais ( senior).
Subsidiaries and investments
The Power Corporation of Canada is involved in numerous global companies. The stakes are particularly concentrated in the two groups Gesca and Power Financial Corporation:
- Gesca, Canada; Editor of several newspapers, including La Tribune in Quebec
- Power Financial Corporation (PFC ), Canada ( majority stake ). The PFC is itself three main branches involved in other companies: The Great - West Life Assurance Company ( majority stake ) and its financial subsidiaries, including Canada Life Financial
- About the Dutch holding Parjointco ( involved in the National as a minority partner, the group Frère-Bourgeois/Compagnie à portfolio of the Belgian multi-billionaire Albert Frère family is ) a majority interest in Pargesa Holding. The Pargesa in turn has a controlling interest, among other things, Groupe Bruxelles Lambert and is involved ( indirectly via this or directly) to companies such as Total, GDF Suez, Lafarge and Imerys.
- IGM Financial is through subsidiaries involved in other businesses, including the DIY chain Praktiker ( 5.09% held by Mackenzie Investments) and SGL Carbon ( 3.55% held by Mackenzie Financial Corporation )