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Corporate History
The Transformation
1950 - 1967
 The
1950s saw substantial change as well as substantial growth, which set the
pattern for even more dramatic change in the decades to follow. For a time
Power Corporation continued to invest in power companies, taking minority
positions in International Utilities in Alberta, United Towns Electric in
Newfoundland, Winnipeg & Central Gas in Manitoba, and Brazilian Traction,
Light and Power, the Canadian holding company with utility subsidiaries
in Brazil. Most importantly, it bought shares in Shawinigan Water and Power,
one of the largest privately owned hydro-electric producers in the world
with massive installations in Quebec. Power further increased its position
in Shawinigan in 1957 when it exchanged its control holding of Southern
Canada Power for a special class of Shawinigan common shares. Meanwhile,
its successful engineering and construction divisions were engaged in building
new power projects from British Columbia to Newfoundland.
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