03:40 PM EST - Quebecor Inc. : Quebecor Media Inc. and the Caisse de dépôt et placement du Québec announced today the completion of a $1.5-billion transaction, decreasing the Caisse's interest in Quebecor Media from 45.3% to 24.6%. By implementing its corporate strategy, Quebecor Media has more than tripled its operating income since the transaction, reaching more than $1.3 billion in 2011. This sustained growth has enabled Quebecor Media to pay substantial dividends to its shareholders, including a total of $324 million to the Caisse, since 2003. Quebecor Inc.
shares T.QBR.A are trading unchanged at $32.84.
