$150 million in Capital régional et coopératif Desjardins shares on sale starting March 18, 2008



    MONTREAL, March 11 /CNW Telbec/ - Capital régional et coopératif
Desjardins announced that sales of its 2008 share issue amounting to
$150 million will start March 18, 2008 across the network of participating
Desjardins caisses. Following the measures adopted by the Québec ministère des
Finances last fall, shareholders will benefit from a 50% tax credit and may
invest annually a maximum amount of $5,000.
    On November 9, 2007, the Québec government recognized that Capital
régional had fulfilled its mission. "By enabling us to count on appropriate
and permanent capitalization as well as more flexible investment criteria, the
ministère des Finances acknowledged Capital régional's contribution as a
strategic partner for economic development in all Québec regions," stated
André Lachapelle, Chairman of the Board of Directors. He explained that,
"Allowing Capital régional to continue its mission well beyond 2011 and not
limiting it to only ten years certainly has the greatest impact. If it weren't
for this provision, we would now be in a disinvestment phase and unable to
continue supporting companies and cooperatives."
    Louis L. Roquet, President and Chief Operating Officer of Desjardins
Venture Capital, the Company's fund manager, added that Capital régional's
continuity required a different management style. "Over the next two years,
Capital régional will be investing more than $200 million to play an even more
active role by helping businesses and cooperatives meet future socio-economic
challenges facing Québec such as corporate succession or productivity
improvement. Our entrepreneurs have spent 40 years building our economy and we
have to keep our businesses here in Québec. With this capital, we can carry
out major transactions to bridge the transition between two generations of
entrepreneurs, i.e. between those who are retiring and those fully competent
and wanting to take over but are without sufficient capital." The investment
in Drummondville's Fempro announced last fall is a concrete example of a
financial partnership that made it possible to maintain ownership and almost
130 regional jobs.

    Capital régional et coopératif Desjardins

    Founded in 2001, Capital régional et coopératif Desjardins is a publicly
traded company managed by Desjardins Venture Capital. With over 120,000
shareholders, the Company contributes to Québec's economic development while
driving the growth of cooperatives and the resource regions. Capital régional
et coopératif Desjardins currently supports 195 companies and cooperatives in
various industries spanning all Québec regions. (capitalregional.com)




For further information:

For further information: Danièle Routhier Manager, Public Affairs,
Desjardins Venture Capital, (514) 281-2211,
daniele.routhier@dcrdesjardins.com


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890