PRESS DIGEST- Canada - August 5
Aug 5 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
THE GLOBE AND MAIL
** Publicly held GMP Capital Inc announced late Thursday that it is buying privately held FirstEnergy Capital Corp for C$98.6 million ($75.78 million). GMP will pay for the deal by issuing C$58.9 million ($45.27 million) in stock, that will be paid out to FirstEnergy shareholders over four years, and the balance through the issuance of an unsecured promissory note. (bit.ly/2b7EMeJ)
** Malaysia's state-owned Petronas says it expects to make up its mind about whether to construct a huge energy project in Canada after it studies a crucial ruling pending from the federal Liberal cabinet. (bit.ly/2b7Eq7S)
** With the dismissal of the chief executive of McInnis Cement, investors led by Bombardier Inc's founding family are hoping to get the C$1.1 billion ($845.37 million)cement project in Quebec's Gaspe peninsula back on track amid massive cost overruns. (bit.ly/2b7ExQO)