On June 22, 2018, Investissement Québec, the financial arm of the Québec government, completed an equity investment of $188 million in Asterix Inc. as part of its Maritime Strategy Fund through the Quebec Shipbuilding Support Program. This investment reaffirms Québec’s commitment to the marine industry and to Canada’s largest and most experienced shipbuilder, Chantier Davie Canada Inc.
The Québec government's investment will be added to the $300 million in debt from financial institutions including Anchorage Capital and J. P. Morgan.
While Davie focuses on shipbuilding, Federal Fleet secures contracts and leases the ships.
Osler, Hoskin & Harcourt LLP represented Federal Fleet Services and Asterix Inc. with a team consisting of Shahir Guindi and Sophie Amyot (Corporate).