Dec 17 (Reuters) - Canadian dairy cooperative, Agropur,
received C$300 million ($214.62 million) in investment from a
group of investors led by Quebec's public pension fund manager,
Caisse said.
The investment comes amid concerns that a new Pacific trade
deal would pressure the Canadian dairy industry by allowing more
dairy imports amid slow-growing domestic consumption.
The Quebec investor group now has a total investment of
C$770 million in Agropur, pension fund manager Caisse de dépôt
et placement du Québec said in a statement on Thursday.
Agropur reported sales of more than C$4.7 billion in 2014
and processed more than 5.4 billion liters of milk annually at
its 40 plants across North America.
Under the Trans-Pacific Partnership (TPP) trade deal, Canada
will allow TPP countries, including New Zealand and the United
States, limited access to its dairy market.
($1 = 1.3978 Canadian dollars)