Caisse de dépôt et placement du Québec acquires shares of Nova Chemicals Corporation

    MONTREAL, Oct. 9 /CNW Telbec/ - The Caisse de dépôt et placement du
Québec (the "Caisse") announces that it has acquired, on the Toronto Stock
Exchange, 42,000 common shares of Nova Chemical Corp (TSX:NCX) ("Nova") or
0.05% of such shares outstanding at a price of CDN $18.66 per share.
    Before this transaction, Caisse held 8,037,476 common shares of Nova as
well as 2,500 options to acquire 250,000 common shares of Nova (the "Options")
at an exercise price of CDN $25 per share, on or before January 16, 2009.
    Following this transaction, and if the Caisse were to exercise the
Options that it holds, the total number of Nova common shares that it would
own would be 8,329,476, or 10.02% of such shares outstanding on a partially
diluted basis.
    This transaction was made for investment purposes and the Caisse could
increase or reduce its investment in Nova according to market conditions or
other relevant factors.

For further information:

For further information: Maxime Chagnon, Caisse de dépôt et placement du
Québec, (514) 847-5493

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