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Tuesday, March 1, 2011

Quebecor's unit to manage Quebec's new stadium

Media and communications group Quebecor Inc's unit clinched a deal to manage Quebec's upcoming sporting arena for 25 years. Quebecor Media has made financial commitments of between C$110-C$200 million, subject to certain conditions, to win the rights, which includes naming the stadium. The amount also includes profit-sharing. Quebecor Media said the arena is slated to open at the end of 2015.

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