Canada Development Investment Corporation has formed a new subsidiary, Canada Enterprise Emergency Funding Corporation (CEEFC), to administer the Large Employer Emergency Financing Facility (LEEFF). Applications to LEEFF are now open. Information on LEEFF and the application process are available on CEEFC’s LEEFF web page, here: http://cdev-old.local/ceefc/

The Government of Canada has mandated CDEV to deliver support to large enterprises through the Large Employer Emergency Financing Facility (LEEFF). The announcement can be found here: https://pm.gc.ca/en/news/news-releases/2020/05/11/prime-minister-announces-additional-support-businesses-help-save. More information on this program will be available here soon. For now, please contact the Department of Finance at 613-369-3710 or fin.financepublic-financepublique.fin@canada.ca.

Canada Development Investment Corporation (CDEV) today announced that the divestment of Ridley Terminals Inc. (RTI) has been completed. Based on an agreement reached in July 2019, Canada has now sold 90 per cent of its shares in RTI to a company owned by Riverstone Holdings and AMCI Group for a purchase price of $350 million.…

The Government of Canada is committed to appointing highly qualified candidates able to best serve the interests of Canadians. In keeping with this commitment, Finance Minister Bill Morneau today announced the appointments of Carole Malo and Robert Wener as new members of the Board of Directors of the Canada Development Investment Corporation (CDEV), for terms…

The Board of Directors of Canada Development Investment Corporation (CDEV) is pleased to announce the appointment of several prominent Canadians to the Board of Directors overseeing the governance and management of Trans Mountain Corporation (TMC). The newly-constituted Board will be chaired by William Downe, former CEO of BMO Financial Group. Mr. Downe will be joined…

Ridley Terminals sales process letter Ridley Terminals Share Purchase Agreement

At the request of the Government of Canada, today the Canada Development Investment Corporation (CDEV) is launching a competitive sale process that is intended to lead to an agreement with a buyer for 90% of the shares of Ridley Terminals Inc., a federal Crown corporation. The remaining 10% of the shares would be transferred to…

On August 31, 2018 a subsidiary of CDEV purchased the entities that own and operate the Trans Mountain Pipeline System (www.transmountain.com) that runs between Edmonton, AB and Burnaby, BC and Washington State. The purchase price is $4.5 Billion before closing adjustments yet to be confirmed. The purchase was financed through loans from the Canada Account…