MONTREAL, Sept. 2 /CNW Telbec/ - The Solidarity Fund QFL (the "Fund") is
pleased to announce a commitment of some C$72 million to back Bombardier, a
flagship company of the Québec economy.
The Fund is joining other large financial institutions to offer
Bombardier a credit facility that will provide the organization with capital
on an as-needed basis to continue developing job-creating projects.
As such, the Fund is fulfilling its mission to further the growth of the
Québec economy by backing its businesses, in this case, a major job and wealth
creator. An added bonus: an opportunity to showcase Québec know-how around the
"With this financing offer, we're backing Bombardier's management as well
as its thousands of employees and many suppliers who not only make up one of
Québec's most dynamic industrial clusters but also provide an excellent
example of value-added manufacturing, an industry that the Fund has been
supporting for years," said the Fund's chief executive officer, Yvon Bolduc.
About the Solidarity Fund QFL
With net assets of $6.4 billion as at May 31, 2009, the Solidarity Fund
QFL is a development capital company that through its RRSP channels the
savings of Quebecers into investments in all sectors of the economy to help
create and maintain jobs and to further Québec's economic growth. The Fund is
a partner, either directly or through its network members, in 2,000 companies.
It currently has nearly 571,000 shareholders and has helped, on its own or
with other financial partners, to create, maintain and protect nearly 143,000
jobs. For more information, visit www.fondsftq.com.
For further information:
For further information: Note: The telephone number provided below is
for the exclusive use of journalists and other media representatives: Josée
Lagacé, Senior Advisor, Press Relations and Communications, Fonds de
solidarité FTQ, (514) 850-4835