Kruger Inc. Master Trust

December 06, 2007 18:25 ET

Kruger Pension Funds Acquire a Participation Interest in Innergex Renewable Energy Inc.

MONTREAL, QUEBEC--(Marketwire - Dec. 6, 2007) - Kruger Inc. Master Trust (as investment vehicle for the employee pension plans of Kruger Inc. and its affiliates, "Kruger") announced today that, concurrently with the closing of the initial public offering of Innergex Renewable Energy Inc. ("Innergex"), it has acquired, by way of private placement, ownership and control over 2,544,009 common shares of Innergex (the "Shares") representing approximately 10.8% of Innergex's currently outstanding Shares. This news release is being issued under the early warning provisions of Canadian provincial securities legislation.

Kruger has subscribed for the Shares for investment purposes only. Depending on market conditions and other factors that Kruger may deem material to its investment decisions, Kruger may in the future acquire Shares or other securities of Innergex, in the open market or in privately negotiated purchases or otherwise, and may also, depending on then-current circumstances, dispose of all or a portion of the Shares or other securities of Innergex, in one or more transactions, in each case to the extent then permitted by applicable law and regulation.

The address of Kruger as well as the name and telephone number of an individual to contact in order to obtain a copy of the early warning report of Kruger are as follows:

Kruger Inc. Master Trust, as investment vehicle for the employee pension plans of Kruger Inc. and its affiliates.

Contact Information

  • Kruger Inc. Master Trust
    Scott K. Hayman
    Vice President - Investments / Trading
    514-343-3148