Power Corporation of Canada

Financial Institutions:Non-Bank Financials

Summary

Power Corporation of Canada is an investment holding company based in Montréal. Its major holding is a 66.4% interest in Power Financial Corporation. Other holdings include Gesca Ltée, Power Technology Investment Corporation, a 7.1% interest in CITIC Pacific Limited and a mix of private equity investments. Paul Desmarais, the chairman of the executive committee, directly and indirectly owns 62.2% voting control of Power Corporation of Canada, with an approximate 30% economic interest.