May 9, 2018 / 11:36 AM / in 5 months

Quebecor buys remainder of Quebecor Media for C$1.69 bln -report

May 9 (Reuters) - Canadian telecom firm Quebecor Inc has agreed to buy out pension fund Caisse de depot’s stake in Quebecor Media for C$1.69 billion ($1.31 billion), giving it complete control of the broadcaster and publisher, the Globe and Mail newspaper reported.

Quebecor will issue C$150-million of convertible debentures to fund the deal, Globe and Mail said. (tgam.ca/2jH4gES)

Quebecor and Caisse were not immediately available for comment. ($1 = C$1.29) (Reporting by John Benny in Bengaluru; editing by Patrick Graham)

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