Power
Corporation a vendu
//
sold
English: EXTRACT OF:
Téléglobe History in pdfFrançais: Extrait de : Historique de Téléglobe en PDF
Français:
Pargesa
Genève /
English:
Geneva
Pargesa
|
|
–
le groupe CSL, rompant ainsi des liens privilégiés de longue date. Pour la première fois depuis le début de sa carrière, PaulA close Friend of the Switzerland bank and older branch of the French Paris Financial comp. and Netherlands
|
Cette banque suisse avait été une filiale de la Compagnie Financière de Paris et
des Pays-Bas – la banque française maintenant appelée Paribas – avec laquelle
Power entretenait des liens étroits depuis plusieurs années. Paribas avait
acheté 20 % de Power en
1978 et Power, 2,3 % de Paribas en
1979, et les deux
sociétés étaient représentées à leurs conseils d’administration respectifs.
Juste avant sa nationalisation en 1981, Paribas avait vendu ses entreprises étrangères; avec la compensation qu’elle a reçue lors de la nationalisation, Power a acheté des actions |
In July 1981 Power Corporation made an abrupt break with its history by selling its wholly owned CSL Group for $195 million.
Gone was its long and important association with Canada
Steamship Lines; gone, too, for the first time in Paul Desmarais’s business
career, was the
bus service.
That same year, (So in 1981 which one year before
France
Telecom
launched in France the Minitel is an online service accessible 1/19/1982
through the telephone lines and after
Power Corporation, as promoted in Teleglobe History,
was a first of the world to had at his
Canada Life Assurance Company office in Toronto an
London to a private circuit)....in (Power who had
from some years a strong
OMERTA close
friendship association
since some years with Pargesa).......
in a move for these Canadian Conspirators, that would prove of more enduring consequence,
Power Corporation made a $20 million investment in Pargesa Holding S.A., a Swiss
corporation that owned a major interest in Bank of
Paris (Banque
de Paris) and
the Netherlands (des
Pays-Bas - Swiss).
|
Pargesa’s headquarters |
|
in Geneva. |
|
The Swiss bank had been a subsidiary of Compagnie Financière de Paris et des Pays-Bas, the French banking organization commonly known as Paribas , with which Power had enjoyed a close association for several years. Paribas bought 20 per cent of Power’s equity in 1978, Power bought 2.3 per cent of Paribas in 1979, and the two companies were represented on each other’s boards. Just before the government of France moved to nationalize it in 1981, Paribas divested itself of its non-French assets Restructuring and Diversification - 1981 - 1996 and the IATA Swiss relation |
|
POWER CORPORATION |
|
Paribas HOLDING |
CANADIEN PACIFIQUE 4% |
Investors Group |
Gesca holdings |

EXTRACT OF:
Téléglobe History in pdfIn keeping with the technological advances and computerization of companies that began in earnest in the 1970’s, Canadian Overseas Telecommunications Corporation (COTC) began providing international data transmission services that included several firsts, such as:
The world’s first private leased circuit between Canada Life Assurance Company’s offices in Toronto and London
The first Canadian digital satellite transmission of newspapers; including, the Paris daily, Le Figaro and
Correire della Sera of Milan; and, the inauguration of Globefax, Canada’s first overseas public facsimile service.
|
POWER CORPORATION |
|
Paribas HOLDING |
CANADIEN PACIFIQUE 4% |
Investors Group |
Gesca holdings |
