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Power Corporation of Canada - Power-Frère agreement extended to 2029
Readers are referred to the section entitled "Forward-Looking Statements" at the end of thi...
About this update from Power Corporation Of Canada
[{"type":"text","content":"\n\n\n\n\n\nReaders are referred to the section entitled \"Forward-Looking\n Statements\" at the end of this release.\n\n\nMONTRÉAL, Dec. 17, 2012 /CNW Telbec/ - Power Corporation of Canada,\n Power Financial Corporation (a subsidiary of Power Corporation of\n Canada) and Groupe Frère/Compagnie Nationale à Portefeuille (CNP), of\n Belgium, have extended the term of the agreement governing their\n strategic partnership in Europe to December 31, 2029, with provision\n for possible further extension of the agreement.\n\n\nThe extension of this agreement, originally entered into in 1990 and\n extended in 1996, will facilitate the pursuit of long-term objectives\n developed by the Power and Frère/CNP groups in connection with their\n joint interest in the Pargesa group.\n\n\nPargesa Holding SA, through its affiliate, Groupe Bruxelles Lambert,\n holds significant interests in a number of large industrial companies.\n\n\nPower Corporation of Canada (TSX: POW) is a diversified international\n management and holding company with interests in companies in the\n financial services, communications and other business sectors in North\n America, Europe and Asia.\n\n\nForward-Looking Statements\nCertain statements in this News Release, other than statements of\n historical fact, are forward-looking statements based on certain\n assumptions and reflect the Corporation's current expectations, or with\n respect to disclosure regarding the Corporation's public subsidiaries,\n reflect such subsidiaries' disclosed current expectations.\n Forward-looking statements are provided for the purposes of assisting\n the reader in understanding the Corporation's financial performance,\n financial position and cash flows as at and for the periods ended on\n certain dates and to present information about management's current\n expectations and plans relating to the future and the reader is\n cautioned that such statements may not be appropriate for other\n purposes. These statements may include, without limitation, statements\n regarding the operations, business, financial condition, expected\n financial results, performance, prospects, opportunities, priorities,\n targets, goals, ongoing objectives, strategies and outlook of the\n Corporation and its subsidiaries, as well as the outlook for North\n American and international economies...