Press Digest: Canada - Dec 12

Cogeco Communications

12/12/2023 14:00

Dec 12 (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.
    
    ** Rogers Communications Inc  RCIb.TO  is selling its entire
stake in Cogeco Inc and subsidiary Cogeco Communications Inc
 CCA.TO  for C$829 million ($611.13 million) to the Caisse de
dépôt et placement du Québec as the Toronto-based telecom looks
to pay down debt after its takeover of Shaw Communications Inc.

    ** Money-losing store chain Mastermind Toys is seeking court
approval for its plan to sell the business, saying that if the
deal does not go through soon, it may be forced to expand
liquidation sales to all 66 stores across Canada.
    

($1 = 1.3565 Canadian dollars)

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))