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PRESS DIGEST - Canada - Sept 11

Published 2019-09-11, 08:27 a/m
© Reuters.  PRESS DIGEST - Canada - Sept 11

Sept 11 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

THE GLOBE AND MAIL

** Obsidian Energy Ltd OBE.TO said it's exploring "strategic alternatives" after a key asset sale fell through. (https://tgam.ca/2I0IMQ5)

** Infrastructure company Ferrovial SA's FER.MC Cintra Global subsidiary went to the Ontario Superior Court to keep the engineering giant SNC-Lavalin Group Inc SNC.TO from selling a portion of its 407 stake to the Canada Pension Plan Investment Board for C$3.25 billion ($2.47 billion). (https://tgam.ca/2UNKDg1)

** Shell (LON:RDSa) Canada Ltd president Michael Crothers and Petronas Energy Canada Ltd president Mark Fitzgerald are backing the federal government's plan to use a section in the Paris climate accord that would allow Canada to gain emission credits for exporting liquefied natural gas to Asia. (https://tgam.ca/2UOrGdq)

NATIONAL POST

** Private equity firm Catalyst Capital Group Inc disclosed that it owns 16% stake in Hudson's Bay Co HBC.TO more than 50% higher than previously revealed and not far off the 21.5% threshold needed to block a privatization bid by the chairman of the storied Canadian retailer. = 1.3141 Canadian dollars)

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