CDP loan secures Canadiens deal

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Quebec's Caisse de depot et placement (CDP) pension fund has given American businessman George Gillet a C$140m (£63.6m) loan, which will allow him to complete his take-over of the Canadian ice hockey team, the Montreal Canadiens.

CDP's loan, made through its CDP Capital d'Amerique subsidiary, will enable Gillet to purchase an 80.1% controlling interest in the Canadiens and its stadium - the Molson Centre - in a C$275m (£125...

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