Rogers announced Monday the sale of all of its shares in Cogeco to pension fund Caisse de dépôt et placement du Québec. The transaction, worth $829 million, will allow the cable giant to reduce its debt and exit non-core businesses as it focuses on its core competencies, including telecommunications after its acquisition of Shaw. “This sale further demonstrates our commitment to strengthen our investment grade balance sheet and aggressively reduce our debt leverage ratio,” Tony Staffieri, Rogers president and CEO, said in a press release. “We’re tracking six months ahead on our deleveraging priorities and we’re committed to reducing our debt leverage...
