Business
AtkinsRéalis Announces Agreement to Repurchase 7,000,000 of its Shares Held by La Caisse
AtkinsRéalis Announces Agreement to Repurchase 7,000,000 of its Shares Held by La Caisse ...
About this update from Atkinsrealis Group Inc.
[{"type":"text","content":"\n\n\n\n AtkinsRéalis Announces Agreement to Repurchase 7,000,000 of its Shares Held by La Caisse\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n MONTREAL\n \n\n ,\n \n\n June 25, 2025\n \n\n /CNW/ - AtkinsRéalis Group Inc. (TSX: ATRL), a world-class engineering services and nuclear company with offices around the world, today announced that it has entered into a private agreement with Caisse de dépôt et placement du Québec (\"La Caisse\") for the repurchase for cancellation of 7,000,000 common shares of AtkinsRéalis held by La Caisse at a price of\n \n $90.87\n \n per share, for a total consideration of approximately\n \n $636 million\n \n . The repurchase price represents a discount of 3% to the closing price of the shares on the Toronto Stock Exchange (\"TSX\") on\n \n June 25, 2025\n \n and will be paid using cash on hand.\n \n\n The repurchase will be made in connection with the periodic portfolio rebalancing of La Caisse. Once the repurchase is completed, La Caisse will hold approximately 27.4 million common shares, representing approximately 16.5% of AtkinsRéalis total common shares outstanding.\n \n\n \"This transaction with La Caisse, a leading shareholder of AtkinsRéalis, is consistent with our capital allocation framework outlined at our 2024 Investor Day and represents an opportunity to create shareholder value. Our strong balance sheet following the recent sale of our interest in Highway 407 ETR allows us to be well positioned to take advantage of opportunities like this. We will also continue to pursue our global growth strategy from our head office, which has a dedicated strong management team based in\n \n Montreal\n \n ,\" said\n \n Ian L. Edwards\n \n , President and CEO of AtkinsRéalis.\n \n\n \"La Caisse has been a key partner of AtkinsRéalis for nearly three decades, during which time our investment has significantly contributed to the company's growth and success,\" said\n \n Kim Thomassin\n \n , Executive Vice-President and Head of Québec at La Cai...