01.07.2015 - 02:54 [ Bangkok Post ]

Canada approves Cirque du Soleil sale to US, Chinese investors

Canada has approved the sale of the government-owned Cirque du Soleil to a US investment fund and its Chinese partners, according to officials.
American private equity firm TPG and China’s Fosun bought the Quebec circus juggernaut for an undisclosed sum in April as the carnival looks to expand in Asia.
Canada’s Industry Minister James Moore said the sale will benefit the country economically and said Canadians would remain in key positions within the company.