La Coop fédérée has raised additional $[mepr-active rule=”374″ ifallowed=”hide”]★ Subscriber ONLY Content. ★[/mepr-active][mepr-active rule=”374″]100[/mepr-active] million in preferred share offering with existing investors, Fonds de solidarité FTQ, Fondaction CSN, Capital régional et coopératif Desjardins (CRCD), and new investor National Bank of Canada.
Fasken Martineau DuMoulin LLP acted as legal counsel to La Coop fédérée.
La Coop fédérée has previously raised $100 million from Fonds de solidarité ($50 million) and CRCD ($25 million and $25 million debt conversion) in 2012, $55M from Fonds de solidarité ($25 million), Fondaction CSN ($25 million) and CRCD ($5 million debt conversion) in December 2013.
Founded in 1922, La Coop fédérée is the largest agri-food organization in Quebec. It is owned by more than 90,000 members joined within 72 cooperatives located across several Canadian provinces and it is present throughout the agri-food chain.
As a wholesaler, La Coop fédérée provides agricultural producers with the goods and services necessary for their operations. Its activities are separated into three divisions: Agri-business (livestock and crop productions, and marketing grains under the Elite and La Coop brands), Retail & Innovation (energy, hardware and farm machinery under the Sonic, Unimat, BMR and Agrizone brands) and Meats (under the Olymel, Flamingo and Lafleur brands).
photo credit: La Coop fédérée