Fiera Capital A (TSE:FSZ) has released an update.
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In a significant move, Fiera Capital’s senior management and board members have acquired all shares previously owned by Desjardins for C$53 million, reflecting a deepened commitment to the firm’s strategic goals. The transaction, involving 6.8% of the company’s total outstanding shares, strengthens internal alignment without altering the organizational structure or Fiera’s ongoing business relationship with Desjardins. Funded partly by a C$20 million credit facility, this move highlights Fiera Capital’s robust position and dedication to sustained growth in the asset management industry.
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