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Acquisitions & Divestitures | CDEV
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lang="fr">FR</span></a></li> </ul> </li> </ul></nav> </div> <button type="button" class="et_pb_menu__icon et_pb_menu__search-button"></button> <div class="et_mobile_nav_menu"> <div class="mobile_nav closed"> <span class="mobile_menu_bar"></span> </div> </div> </div> <div class="et_pb_menu__search-container et_pb_menu__search-container--disabled"> <div class="et_pb_menu__search"> <form role="search" method="get" class="et_pb_menu__search-form" action="https://cdev.gc.ca/"> <input type="search" class="et_pb_menu__search-input" placeholder="Search …" name="s" title="Search for:" /> </form> <button type="button" class="et_pb_menu__icon et_pb_menu__close-search-button"></button> </div> </div> </div> </div> </div> </div> </div> </div> </header> <div id="et-main-area"> <div id="main-content"> <article id="post-7386" class="post-7386 page type-page status-publish hentry"> <div class="entry-content"> <div class="et-l et-l--post"> <div class="et_builder_inner_content et_pb_gutters3"> <div class="et_pb_with_border et_pb_section et_pb_section_0 et_pb_section_parallax et_pb_with_background et_section_regular" > <span class="et_parallax_bg_wrap"><span class="et_parallax_bg lazyload" style="background-image:inherit;" data-bg-image="url(https://cdev.gc.ca/wp-content/uploads/2022/11/iStock-1298523613-1-scaled.jpg)"></span><span class="et_parallax_gradient" style="background-image: linear-gradient( 180deg, #ffffff 0%, rgba(255,255,255,0) 13%, rgba(255,255,255,0.22) 78%, #ffffff 99% );" ></span></span> <div class="et_pb_row et_pb_row_0 et_pb_equal_columns et_pb_gutters2"> <div class="et_pb_column et_pb_column_4_4 et_pb_column_0 et_pb_css_mix_blend_mode_passthrough et-last-child"> <div class="et_pb_module et_pb_text et_pb_text_0 et_animated et_pb_text_align_left et_pb_bg_layout_light"> <div class="et_pb_text_inner"><h1><strong>Acquisitions & Divestitures</strong></h1></div> </div><div class="et_pb_module et_pb_text et_pb_text_1 et_animated et_pb_text_align_left et_pb_bg_layout_light"> <div class="et_pb_text_inner"><h2>Visionary Modern Financial Solutions for Canadians</h2></div> </div> </div> </div> </div><div class="et_pb_section et_pb_section_1 et_section_regular" > <div class="et_pb_row et_pb_row_1 et_pb_equal_columns et_pb_gutters4"> <div class="et_pb_column et_pb_column_2_5 et_pb_column_1 et_pb_section_video_on_hover et_pb_css_mix_blend_mode_passthrough"> <div class="et_pb_module et_pb_text et_pb_text_2 et_animated et_pb_text_align_left et_pb_bg_layout_light"> <div class="et_pb_text_inner"><p>On behalf of the Canadian government, CDEV acquires and sells major assets to accelerate growth, maximize value and protect the integrity of the Canadian economy.</p> <p>Our ability to analyze optimal outcomes, implement strategic negotiations and execute high-value transfers ensures that financial and policy goals are achieved. CDEV鈥檚 decades of financial advisory experience, coupled with its ability to procure top global advisors, provides reliable expertise in negotiating and executing sales to the benefit of all Canadians.</p> <p>To date, CDEV has generated $9 billion in net proceeds from asset sales.</p> <p>Take a look at select transactions from our Divestment Portfolio below.</p></div> </div> </div><div class="et_pb_column et_pb_column_3_5 et_pb_column_2 et_pb_section_video_on_hover et_pb_css_mix_blend_mode_passthrough et-last-child"> <div class="et_pb_module et_pb_text et_pb_text_3 et_animated et_pb_text_align_left et_pb_bg_layout_light"> </div> </div> </div> </div><div class="et_pb_section et_pb_section_2 et_section_regular" > <div class="et_pb_row et_pb_row_2 et_pb_equal_columns et_pb_gutters3 et_pb_section_video_on_hover"> <div class="et_pb_column et_pb_column_4_4 et_pb_column_3 et_pb_css_mix_blend_mode_passthrough et-last-child"> <div class="et_pb_module et_pb_text et_pb_text_4 et_pb_text_align_left et_pb_bg_layout_light"> <div class="et_pb_text_inner"><h1><strong>Select Divested Assets</strong></h1></div> </div> </div> </div><div class="et_pb_row et_pb_row_3 et_pb_equal_columns et_pb_gutters3 et_pb_section_video_on_hover"> <div class="et_pb_column et_pb_column_1_2 et_pb_column_4 et_pb_css_mix_blend_mode_passthrough"> <div class="et_pb_module et_pb_image et_pb_image_0"> <span class="et_pb_image_wrap "><img loading="lazy" decoding="async" width="170" height="114" data-src="https://cdev.gc.ca/wp-content/uploads/2022/11/gm.png" alt="" title="gm" class="wp-image-7193 lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 170px; --smush-placeholder-aspect-ratio: 170/114;" /><noscript><img loading="lazy" decoding="async" width="170" height="114" src="https://cdev.gc.ca/wp-content/uploads/2022/11/gm.png" alt="" title="gm" class="wp-image-7193" /></noscript></span> </div><div class="et_pb_module et_pb_text et_pb_text_5 et_pb_text_align_left et_pb_bg_layout_light"> <div class="et_pb_text_inner"><h4>General Motors</h4></div> </div><div class="et_pb_module dsm_icon_list dsm_icon_list_0"> <div class="et_pb_module_inner"> <ul class="dsm_icon_list_items dsm_icon_list_ltr_direction dsm_icon_list_layout_vertical"><li class="dsm_icon_list_child dsm_icon_list_child_0"> <span class="dsm_icon_list_wrapper"><span class="dsm_icon_list_icon">^</span></span><span class="dsm_icon_list_text">In 2009, the Government of Canada invested significant funds to acquire GM shares as it emerged from bankruptcy.</span> </li><li class="dsm_icon_list_child dsm_icon_list_child_1"> <span class="dsm_icon_list_wrapper"><span class="dsm_icon_list_icon">^</span></span><span class="dsm_icon_list_text">CDEV managed the shares held by the Government of Canada.</span> </li><li class="dsm_icon_list_child dsm_icon_list_child_2"> <span class="dsm_icon_list_wrapper"><span class="dsm_icon_list_icon">^</span></span><span class="dsm_icon_list_text">CDEV sold its equity interests in GM in several tranches through the General Motors IPO and subsequent block trades.</span> </li><li class="dsm_icon_list_child dsm_icon_list_child_3"> <span class="dsm_icon_list_wrapper"><span class="dsm_icon_list_icon">^</span></span><span class="dsm_icon_list_text">In 2015, CDEV fully divested GM stake.</span> </li></ul> </div> </div> </div><div class="et_pb_column et_pb_column_1_2 et_pb_column_5 et_pb_css_mix_blend_mode_passthrough et-last-child"> <div class="et_pb_module et_pb_image et_pb_image_1"> <span class="et_pb_image_wrap "><img loading="lazy" decoding="async" width="203" height="114" data-src="https://cdev.gc.ca/wp-content/uploads/2022/11/chrysler.png" alt="" title="chrysler" class="wp-image-7192 lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 203px; --smush-placeholder-aspect-ratio: 203/114;" /><noscript><img loading="lazy" decoding="async" width="203" height="114" src="https://cdev.gc.ca/wp-content/uploads/2022/11/chrysler.png" alt="" title="chrysler" class="wp-image-7192" /></noscript></span> </div><div class="et_pb_module et_pb_text et_pb_text_6 et_pb_text_align_left et_pb_bg_layout_light"> <div class="et_pb_text_inner"><h4>Chrysler</h4></div> </div><div class="et_pb_module dsm_icon_list dsm_icon_list_1"> <div class="et_pb_module_inner"> <ul class="dsm_icon_list_items dsm_icon_list_ltr_direction dsm_icon_list_layout_vertical"><li class="dsm_icon_list_child dsm_icon_list_child_4"> <span class="dsm_icon_list_wrapper"><span class="dsm_icon_list_icon">^</span></span><span class="dsm_icon_list_text">In 2011, CDEV negotiated the sale of its shares to Fiat.</span> </li></ul> </div> </div> </div> </div><div class="et_pb_row et_pb_row_4 et_pb_equal_columns et_pb_gutters3 et_pb_section_video_on_hover"> <div class="et_pb_column et_pb_column_1_2 et_pb_column_6 et_pb_css_mix_blend_mode_passthrough"> <div class="et_pb_module et_pb_image et_pb_image_2"> <span class="et_pb_image_wrap "><img loading="lazy" decoding="async" width="225" height="60" data-src="https://cdev.gc.ca/wp-content/uploads/2022/11/Ridley_terminals.png" alt="" title="Ridley_terminals" class="wp-image-7417 lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 225px; --smush-placeholder-aspect-ratio: 225/60;" /><noscript><img loading="lazy" decoding="async" width="225" height="60" src="https://cdev.gc.ca/wp-content/uploads/2022/11/Ridley_terminals.png" alt="" title="Ridley_terminals" class="wp-image-7417" /></noscript></span> </div><div class="et_pb_module et_pb_text et_pb_text_7 et_pb_text_align_left et_pb_bg_layout_light"> <div class="et_pb_text_inner"><h4>Ridley Terminals</h4></div> </div><div class="et_pb_module dsm_icon_list dsm_icon_list_2"> <div class="et_pb_module_inner"> <ul class="dsm_icon_list_items dsm_icon_list_ltr_direction dsm_icon_list_layout_vertical"><li class="dsm_icon_list_child dsm_icon_list_child_5"> <span class="dsm_icon_list_wrapper"><span class="dsm_icon_list_icon">^</span></span><span class="dsm_icon_list_text">In 2019, CDEV successfully completed the sale of Ridley Terminals Inc. through a competitive sale process.</span> </li><li class="dsm_icon_list_child dsm_icon_list_child_6"> <span class="dsm_icon_list_wrapper"><span class="dsm_icon_list_icon">^</span></span><span class="dsm_icon_list_text">CDEV worked with the Department of Finance and Transport Canada to establish terms of reference to maximize value obtained and achieve policy goals.</span> </li><li class="dsm_icon_list_child dsm_icon_list_child_7"> <span class="dsm_icon_list_wrapper"><span class="dsm_icon_list_icon">^</span></span><span class="dsm_icon_list_text">CDEV negotiated a first-of-its-kind transfer of a 10% equity stake to local First Nations.</span> </li></ul> </div> </div> </div><div class="et_pb_column et_pb_column_1_2 et_pb_column_7 et_pb_css_mix_blend_mode_passthrough et-last-child"> <div class="et_pb_module et_pb_image et_pb_image_3"> <span class="et_pb_image_wrap "><img loading="lazy" decoding="async" width="425" height="60" data-src="https://cdev.gc.ca/wp-content/uploads/2022/11/air_canada.png" alt="" title="air_canada" data-srcset="https://cdev.gc.ca/wp-content/uploads/2022/11/air_canada.png 425w, https://cdev.gc.ca/wp-content/uploads/2022/11/air_canada-300x42.png 300w" data-sizes="auto, (max-width: 425px) 100vw, 425px" class="wp-image-7419 lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 425px; --smush-placeholder-aspect-ratio: 425/60;" /><noscript><img loading="lazy" decoding="async" width="425" height="60" src="https://cdev.gc.ca/wp-content/uploads/2022/11/air_canada.png" alt="" title="air_canada" srcset="https://cdev.gc.ca/wp-content/uploads/2022/11/air_canada.png 425w, https://cdev.gc.ca/wp-content/uploads/2022/11/air_canada-300x42.png 300w" sizes="auto, (max-width: 425px) 100vw, 425px" class="wp-image-7419" /></noscript></span> </div><div class="et_pb_module et_pb_text et_pb_text_8 et_pb_text_align_left et_pb_bg_layout_light"> <div class="et_pb_text_inner"><h4>Air Canada Warrants</h4></div> </div><div class="et_pb_module dsm_icon_list dsm_icon_list_3"> <div class="et_pb_module_inner"> <ul class="dsm_icon_list_items dsm_icon_list_ltr_direction dsm_icon_list_layout_vertical"><li class="dsm_icon_list_child dsm_icon_list_child_8"> <span class="dsm_icon_list_wrapper"><span class="dsm_icon_list_icon">^</span></span><span class="dsm_icon_list_text">In 2022, CDEV negotiated the repurchase by Air Canada of warrants received as part of its 2021 LEEFF loan package.</span> </li></ul> </div> </div> </div> </div><div class="et_pb_row et_pb_row_5 et_pb_equal_columns et_pb_gutters3 et_pb_section_video_on_hover"> <div class="et_pb_column et_pb_column_1_2 et_pb_column_8 et_pb_css_mix_blend_mode_passthrough"> <div class="et_pb_module et_pb_image et_pb_image_4"> <span class="et_pb_image_wrap "><img loading="lazy" decoding="async" width="608" height="60" data-src="https://cdev.gc.ca/wp-content/uploads/2022/11/logo_dominion-coal-blocks-pve5ok1a8ms94i2i83esky0rug8dhf0wv2o02avi80.png" alt="" title="logo_dominion-coal-blocks-pve5ok1a8ms94i2i83esky0rug8dhf0wv2o02avi80" data-srcset="https://cdev.gc.ca/wp-content/uploads/2022/11/logo_dominion-coal-blocks-pve5ok1a8ms94i2i83esky0rug8dhf0wv2o02avi80.png 608w, https://cdev.gc.ca/wp-content/uploads/2022/11/logo_dominion-coal-blocks-pve5ok1a8ms94i2i83esky0rug8dhf0wv2o02avi80-480x47.png 480w" data-sizes="auto, (min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 608px, 100vw" class="wp-image-7423 lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 608px; --smush-placeholder-aspect-ratio: 608/60;" /><noscript><img loading="lazy" decoding="async" width="608" height="60" src="https://cdev.gc.ca/wp-content/uploads/2022/11/logo_dominion-coal-blocks-pve5ok1a8ms94i2i83esky0rug8dhf0wv2o02avi80.png" alt="" title="logo_dominion-coal-blocks-pve5ok1a8ms94i2i83esky0rug8dhf0wv2o02avi80" srcset="https://cdev.gc.ca/wp-content/uploads/2022/11/logo_dominion-coal-blocks-pve5ok1a8ms94i2i83esky0rug8dhf0wv2o02avi80.png 608w, https://cdev.gc.ca/wp-content/uploads/2022/11/logo_dominion-coal-blocks-pve5ok1a8ms94i2i83esky0rug8dhf0wv2o02avi80-480x47.png 480w" sizes="auto, (min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 608px, 100vw" class="wp-image-7423" /></noscript></span> </div><div class="et_pb_module et_pb_text et_pb_text_9 et_pb_text_align_left et_pb_bg_layout_light"> <div class="et_pb_text_inner"><h4>Dominion Coal Blocks</h4></div> </div><div class="et_pb_module dsm_icon_list dsm_icon_list_4"> <div class="et_pb_module_inner"> <ul class="dsm_icon_list_items dsm_icon_list_ltr_direction dsm_icon_list_layout_vertical"><li class="dsm_icon_list_child dsm_icon_list_child_9"> <span class="dsm_icon_list_wrapper"><span class="dsm_icon_list_icon">^</span></span><span class="dsm_icon_list_text">In 2014-2015, CDEV was mandated to divest the Dominion Coal Blocks in B.C., in cooperation with Crown-Indigenous Relations and Northern Affairs</span> </li><li class="dsm_icon_list_child dsm_icon_list_child_10"> <span class="dsm_icon_list_wrapper"><span class="dsm_icon_list_icon">^</span></span><span class="dsm_icon_list_text">CDEV negotiated with local First Nations, the Government of B.C. and multinational coal companies to obtain rights necessary for divestiture and development</span> </li><li class="dsm_icon_list_child dsm_icon_list_child_11"> <span class="dsm_icon_list_wrapper"><span class="dsm_icon_list_icon">^</span></span><span class="dsm_icon_list_text">The sale process is currently suspended.</span> </li></ul> </div> </div> </div> </div> </div> </div> </div> </div> </article> </div> <footer class="et-l et-l--footer"> <div class="et_builder_inner_content et_pb_gutters3"> <div id="english-footer" class="et_pb_section et_pb_section_0_tb_footer et_section_regular" > <div class="et_pb_with_border et_pb_row et_pb_row_0_tb_footer et_pb_equal_columns et_pb_gutters3"> <div class="et_pb_column et_pb_column_1_2 et_pb_column_0_tb_footer et_pb_css_mix_blend_mode_passthrough"> <div class="et_pb_module et_pb_image et_pb_image_0_tb_footer"> <span class="et_pb_image_wrap "><img loading="lazy" decoding="async" width="255" height="100" data-src="https://cdev.gc.ca/wp-content/uploads/2022/10/cdev_logo_header.png" alt="" title="cdev_logo_header" class="wp-image-54 lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 255px; 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