NewsPrivate Equity18/12/2006
PSP Investments and Loral Agree To Acquire Telesat Canada
Public Sector Pension Investment Board →PSP and Loral agreed to acquire Telesat from BCE for C$3.25 billion plus C$172 million assumed debt. PSP was to hold 36% economic ownership, distinct from collective Canadian voting ownership. The transaction was conditional and expected to close in 2007.