Cogeco looking at overseas growth opportunities

MONTREAL – With published reports (including one here) saying that Cogeco is about to expand into Portugal through a major acquisition, CEO Louis Audet said this morning the company has actually looked into eight European expansion opportunities involving 10 countries.Responding to what he called “rumors and speculation about alleged acquisition plans,” Audet read a prepared statement this morning about the company’s European expansion possibilities. He cautioned against advancing such theories and said he had nothing specific to announce. “Wild speculation is never a good thing,” said the CEO during his quarterly conference call with financial analysts. Noting that the Cogeco’s...