Founder Guy Laliberté​​​​​​​ sells remaining Cirque du Soleil shares

Cirque du Soleil owner Guy Laliberté is offered a final of his shares in a party behemoth scarcely 36 years after rising a Quebec-based playground troupe.

The Caisse de dépôt et chain du Québec says it shopping Laliberté’s remaining 10 per cent interest in Cirque du Soleil Entertainment Group, scarcely doubling a Quebec grant plan’s share to about 20 per cent.

Laliberté, who reduction than 5 years ago defended about 90 per cent of a company, pronounced he is “happy” his batch is going “to Quebec’s interests.”

The travel performer-turned-billionaire pronounced he will sojourn concerned in a artistic routine while ancillary a Quebec party attention by his other projects.

“He will be here in a offices [Tuesday] to examination a calm of a new uncover we’re preparing,” Cirque CEO Daniel Lamarre pronounced in a phone interview. “His joining stays intact. That’s reassuring.”

The cost of a transaction, that sealed Monday, was not specified.

San Francisco-based private equity organisation TPG Capital stays Cirque du Soleil’s infancy shareholder following a deal, a Caisse said.

China-based Fosun Capital Group retains a 20 per cent stake.

Lamarre pronounced he is not certain when Cirque will be means to relaunch a show, The Land of Fantasy, in Hangzhou, China.

The association announced Jan. 23 that it would postpone performances due to a fast widespread of a COVID-19 pathogen in a country. About 200 people were operative on a show, including 13 Canadians.

Cirque has about 1,500 employees in a Montreal conduct office, partial of a staff of 4,900 people who work on 50 permanent and furloughed shows around a world.

Article source: https://www.cbc.ca/news/business/cirque-du-soleil-founder-shares-1.5466485?cmp=rss