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Each week brings its batch of transactions on the economic scene. In this weekly column, we propose to examine the waltz of million surrounding the insider trades, real estate sales, purchases of luxury goods or other high-profile bankruptcies of the rich and famous.
The boss of Fiera buys near Desmarais to Magog
Vincent Duhamel, the big boss of the firm’s asset management Fiera Capital, has completed the acquisition of a residence overlooking lake Memphrémagog, in Estrie, in the amount of $ 4.5 million. It is a former high officer of the publicity firm Cossette who sold him the house. The property acquired is located on a road where there are many properties belonging to the mogul of finance and coPDG of Power Corporation, Paul Desmarais Jr. The latter was in possession in 2016 in this sector of properties, estimated at a total value of $ 48 million, according to the local newspaper, the Reflection of The lake. Mr. Duhamel and his wife have bought a year ago the house of Jeffrey Orr, the big boss of Power Financial, a subsidiary of Power Corporation, to Westmount, to $ 4.5 million. Mr. Duhamel, prior to joining Fiera, was a partner in the capital of a swiss private bank, Lombard Odier. France Chrétien Desmarais, the wife of André Desmarais (coPDG of Power) and daughter of Jean Chrétien, has served on the board of this bank for twenty years, while Paul Desmarais, Jr. is a personal friend of Patrick Odier, a partner-managers of the bank after a dynasty of financiers.
The house of Pacioretty has been sold for $6.4 million
It is ultimately for $ 6.4 million that the former player of the Montreal Canadien Max Pacioretty, traded to the Golden Knights Vegas in September, has sold his home in Westmount at the end of 2018, reveal of notarial documents dating back to mid-December. He is a lawyer, specializing in mergers and acquisitions at Stikeman Elliott in Montreal that has put the hand on the castle. Max Pacioretty was asking $ 6.9 million for its property westmountaise of five storeys, which is in particular equipped with an indoor skating rink.
An ex-minister of Health, liberal in the pot going to the cashier
Terence Lake, a doctor who is also a former liberal Health minister in British Columbia, has sold 54,000 shares of the producer of pot-quebec Hexo, where he acts as vice-president of social responsibility (for a value of 331 000 $). His compensation amounted to $ 460,000 in 2018, according to Bloomberg. The title of Hexo, a provider of the quebec Society of cannabis (SQDC), jumped 31 % since the beginning of 2019.
Exclusive event for McLaren at Montreal
An exclusive event with exotic cars McLaren held a few weeks ago in a luxurious property for sale in the golden square Mile in Montreal. Cocktails and appetizers fine were on the menu. McLaren open first dealership in Montreal in 2017. The McLaren P1 is sold including more than a million per unit.