MONTRÉAL, QUÉBEC--(Marketwired - Sept. 2, 2014) - Quebecor (TSX:QBR.A)(TSX:QBR.B) announced today that it has closed the sale of its Nurun subsidiary to the French multinational Publicis Groupe for a cash consideration of CAN$125 million.
"This decision is consistent with our desire to focus all our activities on the four lines of business that define our mission of being the Canadian leader in telecommunications, news media and entertainment and culture," said Pierre Dion, President and CEO of Quebecor. "We have therefore sold Nurun, a consulting firm specializing in digital innovation, design and technology, since its operations no longer fit with our core businesses. We are confident that Nurun, a respected and profitable firm, will continue to grow as part of Publicis Groupe, a world leader in digital and interactive communications. We thank all of Nurun's talented employees for their dedication and their contribution to the company's success. We wish them continued success going forward."
Finally, Quebecor wishes to salute the leadership and vision of Jacques-Hervé Roubert who played a central role in Nurun's growth over the past 14 years, while proving a precious collaborator to everyone in the company.
Quebecor, a Canadian leader in telecommunications, news media, entertainment and culture, is one of the best-performing integrated communications companies in the industry. Driven by their determination to deliver the best possible customer experience, all of Quebecor's subsidiaries and brands are differentiated by their high-quality, multiplatform, convergent products and services.
Quebecor (TSX: QBR.A, QBR.B) is firmly based in Québec. It holds a 75.36% interest in Quebecor Media, which employs more than 15,000 people in Canada.
A family business founded in 1950, Quebecor is strongly committed to the community. Every year, it actively supports people working with more than 400 organizations in the vital fields of culture, health, education, the environment and entrepreneurship.
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