Politique d’investissement à long terme. Famille Desmarais, Power Corporation et marché chinois
Une illustration de l’importance accordée par la famille Desmarais à l’investissement à long terme.
“In a complex of creaky industrial buildings in suburban Rome, the billionaire Desmarais family is getting a rare lesson in how to lose money.
The complex makes and develops the medical diagnostic systems sold by Adaltis, which is listed in Toronto and is about 18 per cent owned by the Desmarais family through a Power Corp. investment company.
It has not been a happy experience for any of the investors. But good news - finally - may lie ahead.
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What went wrong? China represents a vast market for the Italian-made diagnostics machines and reagents. But it is also unpredictable. The medical market was thrown into turmoil last year, when the government investigated corrupt behaviour at the SFDA, the State Food and Drug Administration.
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The more credible theory is that André Desmarais and his father, Paul, will stay put because they are long-term investors and because they want to build Power Corp.’s presence in China, not just in diagnostics, but in financial services, too. Cutting Adaltis loose would send the wrong message to the very government it courts. The Adaltis losses are small compared with the political goodwill the family could win by making Adaltis a success in China.”
reportonbusiness.com: Power Corp. would be wise not to abandon China
Lire aussi :
PAUL DESMARAIS JR
PAUL DESMARAIS Jr à la défense des actionnaires à long terme : “Je suis un défenseur des actionnaires à long terme. Je crois qu’ils ont un important rôle à jouer dans notre économie”
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