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CAISSE DE DEPOT ET PLACEMENT DU QUEBEC PARTICIPATION IN QUEBECOR PRINTING INCREASES FROM 22.3 TO 27.9 PERCENT ON FULLY DILUTED BASIS

 CAISSE DE DEPOT ET PLACEMENT DU QUEBEC PARTICIPATION IN QUEBECOR
 PRINTING INCREASES FROM 22.3 TO 27.9 PERCENT ON FULLY DILUTED BASIS
 MONTREAL, Feb. 4 /PRNewswire/ -- Quebecor Inc. (AMEX: PQB) today announced that yesterday, Feb. 3, Caisse de depot et placement du Quebec exercised its rights, pursuant to the terms of the shareholders' agreement, to acquire 7.2 percent of the outstanding shares of Quebecor Printing Inc., a subsidiary of Quebecor Inc., for a cash consideration of $30,653,226 which will be paid to Quebecor Inc. on Feb. 25, at the latest.
 This transaction will bring Quebecor Inc.'s participation in Quebecor Printing Inc. from 100 percent to 92.8 percent (or from 77.72 percent to 72.13 percent on a fully diluted basis).
 Quebecor Inc., a continent-wide communications company, is active in the publishing sector with four dailies, 44 weeklies, six monthlies, 11 magazines and numerous specials as well as books. It is also involved in publications and records distribution and retail. With its 56 printing and specialized plants, the company is the second largest commercial printer in North America. Through its subsidiary, Mircor Inc., its activities also comprise forest products.
 -0- 2/4/92
 /CONTACT: Francois R. Roy, VP-finance and treasurer of Quebecor, 514-877-9777/
 (PQB) CO: Quebecor Inc. ST: Quebec IN: PUB SU:


CK -- NY071 -- 6746 02/04/92 13:28 EST
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Publication:PR Newswire
Date:Feb 4, 1992
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