Dundee Corporation

Dundee Corporation
Public
Traded as TSX: DC.A
Founder Ned Goodman
Headquarters Toronto, Ontario, Canada
Website www.dundeecorporation.com

Dundee Corporation is a holding company based in Toronto, Canada with wealth management, real estate and resources holdings.

Dundee Corporation was founded by Canadian entrepreneur made billionaire, Ned Goodman. It has been acknowledged in company literature to have been named after the town of Dundee, in Scotland (Scottish Gaelic: Dùn Dèagh), which means "Fort on the River Tay" in Scottish Gaelic (the Tay being the longest river in Scotland). While company literature explains the origin of the company name, it is unclear why the company was named after the city of Dundee. Ned Goodman and his family are known widely as a prominent Canadian business family.

The company's real estate investment trust, Dundee REIT is known for jointly acquiring Scotia Plaza from Scotiabank in May 2012 with H&R REIT.[1]

In 2016, Dundee announced its founder was suffering from dementia and asked Ned Goodman to step down. The firm has been seeking capital to restructure due to bad investments in resources. It is now attempting to take its Blue Goose division public.

Divisions

Dundee Corporation operates in three major business segments:[2]

Sources

  1. ↑ The Canadian Press (22 May 2012). "Scotiabank sells downtown Toronto HQ for $1.27B". CBC News. Retrieved 24 May 2012.
  2. ↑ Dundee Corporation 2010 Q3 Report

External links


This article is issued from Wikipedia - version of the Sunday, April 24, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.