Samsung Securities announced on Sept. 3 that it signed a memorandum of understanding (MOU) with the pension fund of Quebec, Canada, for mutual cooperation at the CDPQ Montreal Office located in Montreal, Quebec, Canada.
As of June 2019, CDPQ is one of the world's largest institutional investors with assets of about 296 trillion won (326.7 billion Canadian dollars) and invests in major economies' financial markets, private equity funds, infrastructure assets, real estate and private equity loans.
Samsung Securities successfully completed a deal to acquire shares of LNG vaporization terminal in Dunkerque Port, France, in 2018 and has expanded its investment in global industrial facilities such as leasing business for British railway vehicles, airports and renewable energy power plants in Europe.
Through the signing of the agreement, Samsung Securities is planning to cooperate with CDPQ to find opportunities for joint investment in infrastructure, and expand opportunities for Korean institutional investors to invest in infrastructure in advanced countries such as North America and Europe.
"We expect the agreement will give us an opportunity to jointly acquire blue-chip assets in a wider range of regions along with CDPQ," said Jang Seok-hoon, CEO of Samsung Securities.