Le Groupe CH and L'Équipe Spectra: negotiations still underway, but no agreement yet
01 Jun, 2013, 16:28 ET
MONTREAL, June 1, 2013 /CNW Telbec/ - Following the article which appeared in La Presse this morning, Le Groupe CH and evenko would like to clarify the following points:
No agreement has yet been signed between Le Groupe CH and L'Équipe Spectra; however, discussions are in fact underway between the two company leaders.
Geoff Molson confirms his wish to continue negotiating with Alain Simard and his team in order to invest in the acquisition of shares in Spectra. These discussions spring from a desire to ensure the sustainability and continuity of this extremely important cultural venture.
''The negotiations currently underway, although not finalized, have been conducted with the utmost respect for Spectra's mission. Since we began our discussions, it has been very clear that our goal is to combine our efforts to contribute to the development of Quebec culture as the Molson family has done for more than 225 years. The potential partnership between our two institutions is another sign of our commitment towards the culture, the community and the economy of Quebec," declared Geoff Molson.
The transaction, which is still being negotiated, could be concluded in the fall, and it is already agreed that L'Équipe Spectra will remain in place and maintain its existing ties with evenko in a strategic partnership perspective.
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