Caisse de dépôt reluctant about doing business in Russia


As the drama surrounding a Swedish bribery probe of Bombardier’s activities in Azerbaijan continues, it has become clear that the Caisse de dépôt et placement du Québec, which owns 30 per cent of Bombardier’s rail division, won’t do business in the former Soviet Union due to high rates of corruption, a lack of transparency and myriad other problems — including the Kremlin’s penchant for getting involved in some sectors. This is in opposition to Bombardier’s willingness to operate in the area. Desautels Associate Professor Karl Moore says that “At the Caisse, they’re probably irritated, but they knew that [Bombardier] was doing business there.”

Read full article: The Globe and MailStockwatch, March 29, 2017