Caisse CEO says open to further Bombardier investment

Wed Feb 24, 2016 12:00pm EST
 
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TORONTO Feb 24 (Reuters) - Caisse de depot et placement du Quebec is open to investing further in Bombardier Inc but does not intend to provide more funding in the immediate future, Chief Executive Michael Sabia told reporters.

Quebec's public pension fund manager agreed to buy a 30 percent stake in Bombardier's rail business for $1.5 billion in November, providing a bigger cash cushion for Bombardier's planemaking unit.

Asked if the Caisse would invest in Bombardier Inc, Sabia said: "Are we open? Yes. Are we going to increase our level of investment in Bombardier Inc very soon? Probably not. We have an important investment in a subsidiary of Bombardier. For now, that represents significant exposure." (Reporting by Matt Scuffham)