Article

Power Corporation of Canada

Updated by Erin James-abra

Published Online February 7, 2006

Last Edited December 16, 2013

Power Corporation of Canada, controlled by Paul Desmarais Jr. and André Desmarais (sons of the late PAUL DESMARAIS), was incorporated in 1925. It is a large and diversified company engaged in communications and financial services, as well as other business interests.

Power Corporation of Canada, controlled by Paul Desmarais Jr. and André Desmarais (sons of the late PAUL DESMARAIS), was incorporated in 1925. It is a large and diversified company engaged in communications and financial services, as well as other business interests. Through its subsidiary, Gesca, Power publishes six daily newspapers in QUÉBEC and ONTARIO as well as LA PRESSE. In addition, via its subsidiary Square Victoria Digital Properties, Power is involved in television production and digital businesses. Its financial services include controlling interests in Great-West Lifeco and IGM Financial, and a 50 per cent interest in Pargesa Group. Power Energy Corporation is another wholly-owned subsidiary, with investments in an Ontario SOLAR-POWER company. In 2012, Power Corporation of Canada’s assets exceeded $527 billion, with revenues amounting to $33 billion.