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Power Corporation of Canada is a diversified
management and holding company. Power Corporation of Canada has
holdings in leading financial services and the communications
sector.
Through its European-based affiliate Pargesa group, Power
Corporation holds significant positions in major media, energy,
water, waste services, and specialty minerals companies.
Power Corporation also has diversified interests in Asia.
Group Company Profiles
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Stock Quotes
•
POW: $ 52.740
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Quoted Market Value:
$ 10,404,747,110
•
# of shares outstanding:
197,583,500
TSX AS OF:
11 Jun 2004 15:51 EST
Organization Chart
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ower Corporation of Canada |
POW: $ 52.740 |
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Power Financial Corporation |
PWF: $ 54.490 |
Power Financial Corporation is a Canadian holding company. It
controls Great-West Lifeco Inc. and Investors Group Inc., leaders in
their sectors of the North American financial services industry.
Through its affiliate, Pargesa Holding S.A., Power Financial holds
significant positions in a selected number of large companies based
in Europe. These companies operate in strategic industries including
media, energy, water, waste services and specialty minerals.
Power Corporation of Canada holds a 67.4 per cent interest in Power
Financial Corporation.
The following figures represent percentage interests
held at December 31, 2002.
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Power Corporation of Canada |
POW: $ 52.740 |
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Power Financial Corporation |
PWF: $ 54.490 |
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Great-West Lifeco Inc.
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GWO: $ 49.000 |
Great-West Lifeco Inc. is a member of the Power
Financial Corporation group of companies and a financial
services holding company with interests in the life
insurance, health insurance, investment and retirement
savings, reinsurance and specialty general insurance
businesses, primarily in Canada and the United States.
Great-West Lifeco's subsidiaries serve the financial
security needs of more than 13 million people in Canada
and the United States and provide reinsurance and
specialty general insurance in niche business markets in
North America and Europe. Great-West Lifeco and its
companies have more $96 billion in assets under
administration.
Great-West Life, London Life and
GWL&A continue to hold superior ratings from the major
rating agencies, including A.M. Best Company, Dominion
Bond Rating Service, Fitch Ratings, Moody's Investors
Service and Standard & Poor's Corporation |
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Power Corporation of Canada |
POW: $ 52.740 |
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Power Financial Corporation |
PWF: $ 54.490 |
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Great-West Lifeco Inc. |
GWO: $ 49.000 |
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London Life Insurance Company |
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London Life Insurance Co. is the
leading provider of life insurance to Canadians and has the
largest participating life insurance business in Canada.
London Life offers financial security advice and planning through
its 3,000 member Freedom 55 Financial™ division. Freedom 55
Financial offers London Life's own brand of savings and investments,
retirement income, life insurance and mortgages. London Life
subsidiary, Quadrus Investment Services Ltd.™, offers 40 exclusive
mutual funds under the Quadrus Group of Funds™.
In addition to its domestic operations, London Life participates in
international markets through London Reinsurance Group, a supplier
of reinsurance in the United States and Europe. London Life has more
than $36 billion in assets under management.
London Life is a subsidiary of The Great-West Life Assurance
Company. Together, Great-West and London Life serve the financial
security needs of 9 million people across Canada.
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Power Corporation of Canada |
POW: $ 52.740 |
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Power Financial Corporation |
PWF: $ 54.490 |
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Great-West Lifeco Inc. |
GWO: $ 49.000 |
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London Life Insurance Company |
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Canada Life Assurance Company
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The Canada Life Assurance Company, a subsidiary
of The Great-West Life Assurance Company, and a member of the Power
Financial Corporation group of companies, provides insurance and
wealth management products and services through its offices located
in Canada, the United States, the United Kingdom, the Republic of
Ireland, Germany, Brazil, Bermuda and Hong Kong.
Founded in 1847 as Canada's first domestic life insurance company,
Canada Life had total assets under administration in excess of $68
billion, as of year-end 2002.
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Power Corporation of Canada |
POW: $ 52.740 |
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Power Financial Corporation |
PWF: $ 54.490 |
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Great-West Lifeco Inc. |
GWO: $ 49.000 |
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London Life Insurance Company |
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Canada Life Assurance Company |
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Investors Group Inc. |
IGI: $ 33.880 |
Investors Group Inc. is one of Canada’s
premier mutual fund, managed asset and personal financial services
companies. Investors Group Inc. has been doing business in Canada
for
over 76 years. Today, with close to 2.6 million clients and more
than $74 billion in assets under management and administration, it
holds a strong leadership position in the
financial services industry.
The company’s two operating units, Investors Group and Mackenzie
Financial Corporation (Mackenzie), offer their own distinctive
products and services through separate advice channels encompassing
over 38,000 consultants and independent financial advisers.is one of
Canada's premier mutual fund, managed asset and wealth creation
companies. Investors Group Inc. has been doing business in Canada
for over 76 years. |
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Power Corporation of Canada |
POW: $ 52.740 |
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Power Financial Corporation |
PWF: $ 54.490 |
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Great-West Lifeco Inc. |
GWO: $ 49.000 |
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London Life Insurance Company |
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Canada Life Assurance Company |
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Investors Group Inc. |
IGI: $ 33.880 |
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Mackenzie Financial Corporation |
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Mackenzie Financial Corporation is a multifaceted
investment management and financial services organization, whose
core business is the management of mutual funds on behalf of
investors across Canada..
Mackenzie’s core business is the management of mutual funds in
Canada. With over 1.5 million clients and $34.4 billion in assets
under management and administration, Mackenzie provides investment
management, marketing and administrative services for 149 mutual
funds and 39 segregated funds including such well-recognized and
trusted brands as Mackenzie, Cundill, Ivy, Keystone, Maxxum and
Universal.
Mackenzie is Canada’s second largest mutual fund company serving the
independent financial planner and full-service broker channels.
The Pargesa Holding S.A. is a holding company for the
Pargesa group, a Europe-based group of companies with interests in
communications, specialty minerals, energy and public utilities.
Pargesa is engaged in a process of strategic refocus,
strengthening management and transforming local and regional
companies into world leaders in their respective fields.
Pargesa's net asset value is concentrated in four major holdings:
Groupe Bruxelles Lambert is a holding company listed on
the Brussels Stock Exchange since 15 October 1956. GBL strives to
stimulate and promote the growth of a valuable and balanced
portfolio of industrial investments, focusing on a small number of
first-class companies, operating in a diversified range of sectors,
in which it is able to play its role as a strategic shareholder.
Bertelsmann is an integrated media and entertainment
company with leading positions in the world's major media and
communications markets. Bertelsmann has more than 80,000 employees
in 51 countries. Bertelsmann and its affiliated
companies reach more than 41 million visitors with their e-commerce
activities and websites.
Operating in 120 countries, TotalFinaElf is a
top-ranked international oil group, and a major player in the
chemicals markets. It is involved in all aspects of the oil and gas
business, including prospecting and production, transport, refining
and retail distribution.
Suez is a leading international industrial
organization providing private infrastructure and global services
related to energy, water, waste services and communications. Active
in promoting sustained development, it provides global solutions for
businesses, individuals and municipalities.
It is also continental Europe's largest independent power producer.
Active in 34 countries around the world through almost 280
manufacturing and sales sites, Imerys is the world
leader in its sector of industrial minerals business. (With
substantial mineral reserves and sophisticated processing
facilities, Imerys produces essential value-added products for a
diversified clientele.)
The company holds leading market positions in each of its four
business groups: Specialty Minerals, Pigments for Paper, Building
Materials, Refractories and Abrasives.
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Gesca Limitée is a wholly owned Canadian publishing
subsidiary of Power Corporation.
Newspapers
Gesca holds 100 a per cent interest in the French Montreal daily
newspaper, La Presse, as well as Le Soleil (Quebec City and east),
and five other regional French-language newspapers. Gesca's holdings
constitute Canada's largest French-language newsgroup.
Internet
Gesca is also the sole owner of cyberpresse.ca, Quebec's most
comprehensive news website and one of the most frequently visited
websites in Quebec.
Early in 2002, La Presse, Ltée, a subsidiary of Gesca Ltée,
Power’s wholly owned newspaper publishing subsidiary, entered into
an agreement to outsource the printing of the daily newspaper La
Presse and its related products, effective in the fall of 2003.
Gesca also sold three commercial printing plants and signed
long-term contracts for the printing of Le Soleil, Le Nouvelliste,
and Le Droit. Gesca undertook several additional initiatives during
the year designed to ensure highquality content in its newspapers.
After two years in operation, Gesca’s web site, Cyberpresse.ca, has
become one of the most important French language information sites
in Canada.
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CITIC Pacific Ltd. is China's largest
diversified Hong Kong-traded company.
CITIC Pacific Ltd. activities are concentrated both in Hong Kong and
China and cover three main sectors:
• Infrastructure
• Trading and distribution
• Property
CITIC Pacific is incorporated in Hong Kong, as well as its wholly
owned subsidiaries,
Dah Chong Hong Limited and
Sims Trading Company Limited.
Infrastructure activities form the core of CITIC Pacific's
business, not only contributing stable and long term growth
prospects for the Group but also contributing to the economic growth
and social development of the communities that they serve. Their
activities are wide ranging, covering five main areas from major
infrastructure developments such as roads, bridges and tunnels,
power generation facilities to environmental projects and top level
aviation and telecommunications services.
Distribution and Trading
CITIC Pacific maintains extensive trading and distribution
interests through their wholly owned subsidiaries: Dah Chong Hong
Limited, one of Hong Kong's largest distributors of motor vehicles
and other products, and Sims Trading Company Limited, a leading
value added distributor of major brands of food, beverage,
healthcare, medical and pharmaceutical products.
Property
The Group also owns a diverse portfolio of large-scale
residential, commercial and industrial properties in Hong Kong and
also properties in China. In 1997, achieving a major landmark in
this area, CITIC Pacific's new headquarters, CITIC Tower was
completed on Hong Kong's impressive waterfront.
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CITIC Pacific Ltd. is China's largest diversified
Hong Kong-traded company.
CITIC Pacific Ltd. activities are concentrated both in Hong Kong and
China and cover three main sectors:
• Infrastructure
• Trading and distribution
• Property
CITIC Pacific is incorporated in Hong Kong, as well as its wholly
owned subsidiaries,
Dah Chong Hong Limited and
Sims Trading Company Limited.
Infrastructure activities form the core of CITIC Pacific's
business, not only contributing stable and long term growth
prospects for the Group but also contributing to the economic growth
and social development of the communities that they serve. Their
activities are wide ranging, covering five main areas from major
infrastructure developments such as roads, bridges and tunnels,
power generation facilities to environmental projects and top level
aviation and telecommunications services.
Distribution and Trading
CITIC Pacific maintains extensive trading and distribution
interests through their wholly owned subsidiaries: Dah Chong Hong
Limited, one of Hong Kong's largest distributors of motor vehicles
and other products, and Sims Trading Company Limited, a leading
value added distributor of major brands of food, beverage,
healthcare, medical and pharmaceutical products.
Property
The Group also owns a diverse portfolio of large-scale
residential, commercial and industrial properties in Hong Kong and
also properties in China. In 1997, achieving a major landmark in
this area, CITIC Pacific's new headquarters, CITIC Tower was
completed on Hong Kong's impressive waterfront.
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