Power Financial becomes wholly owned subsidiary of Power Corporation of Canada
What happened
Power Financial became a wholly owned subsidiary of Power Corporation of Canada on November 11, 2026. Power Financial is an international management and holding company with interests in financial services and asset management across Canada, the United States, and Europe. The company also declared quarterly dividends on its preferred shares, payable in January and February 2027.
From nugget.ca
Why it matters
Power Financial operates as an international holding company with significant holdings in global companies based in Europe. This structure places the financial services and asset management operations of Power Financial directly under the control of Power Corporation of Canada.
From nugget.ca
Who's involved
- Power FinancialInternational management and holding company with interests in financial services
- Power Corporation of CanadaParent company with assets in North America and Europe
- IGM FinancialProvides the financial segment for Power Corporation of Canada
Keep exploring
The entities involved
-
Power Financial
Canadian diversified management and holding company
Nothing else this week.
-
Power Corporation of Canada
Canadian company with assets in North America and Europe in a number of industries
Nothing else this week.