Maple Group, has entered into a definitive agreement to acquire The Canadian Depository for Securities Limited (CDS), a securities depository, clearing and settlement company, for CAD167.5 million ($170.91 million).
Maple Group is a consortium consists of five pension funds includes Alberta Investment Management Corporation, Caisse de depot et placement du Quebec, Canada Pension Plan Investment Board, Fonds de solidarite des travailleurs du Quebec (F.T.Q.) and Ontario Teachers' Pension Plan Board. All the entities are based in Canada.
Upon completion, CDS will be merged into the wholly-owned subsidiary of Maple Group.
Concurrently, Maple Group has also entered into a definitive agreement to acquire Alpha Trading Systems, Inc. and Alpha Trading Limited Partnership for CAD175 million ($178.56 million).