TVA Group discounts shareholders’ call for investigation

MONTREAL - Quebecor Media’s TVA Group is dismissing allegations made by a group of minority shareholders questioning some of the company’s recent business transactions.The shareholders, led by investment management firm Jarislowsky, Fraser Ltd., have asked the Autorité des marchés financiers (AMF) to investigate “numerous material related-party transactions, potential conflicts of interest, and the proposed acquisition of the assets of A.R. Global Vision Ltd. (Global Vision) and related financing” at the French-language television network, reads the shareholders’ press release.At issue, according to the shareholders, is the recent acquisition of TVA by QMI without the consent of or without any compensation paid...