CDC LIFE SCIENCES <LSI.TO> STAKE SOLD
Canada Development Corp <CDC.TO> said it
agreed to sell its 25.2 pct interest in CDC Life Sciences Inc
to Caisse de depot et placement du Quebec, the provincial
pension fund manager, and Institut Merieux, a French biological
laboratory company, for 169.2 mln dlrs.
    It said the caisse and Institut Merieux will each buy 2.75
mln common shares of the company for 30.76 dlrs a share.
    It said following the transaction the caisse will hold
about 19.3 pct of CDC Life Sciences. Canada Development said
the purchasers do not plan to acquire the remaining
publicly-held shares.
 Reuter
