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Quebecor buys minority stake in Multicolore

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Quebecor buys minority stake in Multicolore

Montreal-based communications company Quebecor Inc. acquired a minority interest in the assets of Multicolore, a Montreal-based event management company that produces large-scale musical events in Quebec.

Pascal Lefebvre, president and co-founder of Multicolore, said the partnership will allow Multicolore to launch major initiatives in multiple markets.

Lefebvre and his team will continue to manage and operate Multicolore and the company's office will remain on Gaspé Street in Montreal, according to a Dec. 9 company release.

Financial terms of the arrangement were not disclosed.