General Motors Is Losing Canadian Investment

HFA Padded
HFA Staff
Published on
Updated on

General Motors Company (NYSE:GM) saw one of its biggest investors divest itself of shares yesterday afternoon. The investment arm of the Canadian government sold 30 million shares in the company on Tuesday afternoon, according to a statement from the group. That sale was worth around $1.1 billion when the market closed yesterday, but the large size of the sale probably resulted in a discount. Canadian Minister for Finance Jim Flaherty said,  “The Government of Canada is committed to exiting from ownership of General Motors Company (NYSE:GM) as quickly as feasible.” The shares are held by the government of Canada after it…

This content is exclusively for paying members of Hedge Fund Alpha

Log In

Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha

Don’t have an account?

Subscribe now and get 7 days free!

HFA Padded

The post above is drafted by the collaboration of the Hedge Fund Alpha Team.