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


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

Cirque du Soleil founder Guy Laliberté​​​​​​​ is selling the last of his shares in the entertainment behemoth nearly 36 years after launching the Quebec-based circus troupe.A performer balances on a ball during a preview of the Cirque Du Soleil production of Kurios – Cabinet of Curiosities on Oct. 1, 2019. Caisse de dépô​​​​​​​t et placement…

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

Cirque du Soleil founder Guy Laliberté​​​​​​​ is promoting the final of his shares within the leisure behemoth almost 36 years after launching the Quebec-essentially based utterly circus troupe.

A performer balances on a ball all thru a preview of the Cirque Du Soleil manufacturing of Kurios – Cupboard of Curiosities on Oct. 1, 2019. Caisse de dépô​​​​​​​t et placement du Québec has bought an additional 20 per cent of the circus community. (The Linked Press)

Cirque du Soleil founder Guy Laliberté is promoting the final of his shares within the leisure behemoth almost 36 years after launching the Quebec-essentially based utterly circus troupe.

The Caisse de dépôt et placement du Québec says it trying to search out Laliberté’s final 10 per cent stake in Cirque du Soleil Leisure Community, almost doubling the Quebec pension notion’s fragment to about 20 per cent.

Laliberté, who now not as much as 5 years within the past retained about 90 per cent of the corporate, acknowledged he is “glad” his stock is going “to Quebec’s pursuits.”

The avenue performer-turned-billionaire acknowledged he’ll remain thinking referring to the ingenious project whereas supporting the Quebec leisure industry thru his utterly different projects.

“He’ll be right here in our locations of work [Tuesday] to review the whine material of a brand new cowl we’re preparing,” Cirque CEO Daniel Lamarre acknowledged in a phone interview. “His dedication remains intact. That is reassuring.”

The price of the transaction, which closed Monday, became as soon as now not specified.

San Francisco-essentially based utterly non-public equity agency TPG Capital remains Cirque du Soleil’s majority shareholder following the deal, the Caisse acknowledged.

China-essentially based utterly Fosun Capital Community retains a 20 per cent stake.

Lamarre acknowledged he is now not sure when Cirque shall be in a situation to relaunch its cowl, The Land of Fantasy, in Hangzhou, China.

The company launched on Jan. 23 it might well perchance perchance perchance hunch performances as a result of the immediate spread of the COVID-19 virus within the nation. About 200 people were engaged on the cowl, collectively with 13 Canadians.

Cirque has about 1,500 employees in its Montreal head place of work, segment of a workers of 4,900 those that work on 50 permanent and touring reveals across the sector.

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