CDPQ has divested 2,061,000 shares of WSP Global for approximately C$500 million while maintaining a 14.2% stake, aiming to strengthen its investment strategy and support local businesses.

Target Information

The target of this transaction is WSP Global Inc., a prominent Canadian consultancy firm that specializes in engineering and professional services. WSP has established itself as a leader in the global market, driven by a series of strategic acquisitions supported by its major investor, the Caisse de dépôt et placement du Québec (CDPQ). As of April 23, 2025, CDPQ holds approximately 14.2% of WSP's issued and outstanding common shares.

The sale in question involves an offloading of 2,061,000 common shares, which equates to around 1.6% of WSP's total issued shares. This strategic divestment will be executed at a gross price of C$242.70 ($175.40 USD) and is underwritten by BMO Capital Markets and National Bank Financial Inc. The anticipated gross proceeds from this transaction will be approximately C$500 million (or $362.35 million USD), showcasing the financial robustness of WSP within the market.

Industry Overview in Canada

The consulting and engineering services sector in Canada has witnessed significant growth over the past decade, buoyed by increasing infrastructure investments and a rising demand for professional services. The