(Reuters) - Media and communications group Quebecor Inc’s unit clinched a deal to manage Quebec’s upcoming sporting arena for 25 years.
Quebecor Media has made financial commitments of between C$110-C$200 million, subject to certain conditions, to win the rights, which includes naming the stadium. The amount also includes profit-sharing.
Quebecor Media said the arena is slated to open at the end of 2015.
Montreal-based Quebecor’s shares were trading down about half a percent at C$34.99 on Tuesday on the Toronto Stock Exchange.
Reporting by Aftab Ahmed in Bangalore; Editing by Sriraj Kalluvila