Quebec wants to invest in Quebec companies and take interests in some of them, including – possibly – the shoe retailer Aldo.
Posted on 24 June 2020 at 14 h 39
La Presse
This is the plan exposed by the Minister of the Economy Pierre Fitzgibbon in an interview granted to the financial agency Bloomberg and which is the subject of an article published today. Bloomberg is an international benchmark for the business community.
“Around the world, governments will generally be more interventionist in the economy because of the need for new capital,” he said. “In some cases, we will have to acquire shares in companies. “
Bloomberg is putting forward the Aldo group – which has been sheltered from its creditors this spring because of the impact of the pandemic – as a possible investment for Quebec.
M. Fitzgibbon said the Quebec government had recently acquired shares in some companies, but declined to name them, saying it remains a minority. “Hopefully we can be replaced by other investors,” he added.
Bloomberg widely highlights the fact that Quebec has been hit very hard by the pandemic, more than “43 states Americans “in death toll.
According to Mr. Fitzgibbon the scenario of a return to general confinement is unlikely. “Maybe I'm naive or overly optimistic, but it looks like if we had a second wave, we could allow people to continue working,” he said.
