Archived - Government of Canada Announces the Divestiture of its Remaining Shares in General Motors

April 6, 2015 – Ottawa, Ontario – Department of Finance

Finance Minister Joe Oliver today announced the divestiture of Canada’s remaining interests in General Motors Company (GM).

Canada GEN Investment Corporation (Canada GEN) sold all of Canada’s remaining GM common shares (73,389,831 shares) to Goldman, Sachs & Co in an unregistered block trade. Further details about the share sale will be made available when Canada GEN reports its trade with U.S. and Canadian securities regulators in the next several days.

With completion of the sale, the Government of Canada has fulfilled its commitment to exit from ownership of GM as quickly as appropriate while maximizing the value for Canadian taxpayers.

Melissa Lantsman
Director of Communications
Office of the Minister of Finance

Stéphanie Rubec
Media Relations
Department of Finance

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