BUSINESS

Cirque Du Soleil Downplays Reports It Could Be Sold

03/25/2015 03:16 EDT | Updated 05/25/2015 05:59 EDT
Cirque du Soleil
A spokesperson for the Cirque du Soleil is downplaying reports the Montreal-based circus could be sold. 

Renée-Claude Ménard, senior director of public relations for the circus, told CBC the company is searching for a "strategic partner."

"This is a very long process and [founder and majority shareholder] Guy Laliberté will take the time necessary to evaluate all available options," Ménard said. 

According to a report in The Globe and Mail, bidders have been given until next week to submit offers for a controlling stake in Cirque du Soleil Group.

The report sparked concern from Quebec politicians, including the province's economy minister.

Jacques Daoust said it's crucial the company remain in Quebec. 

"It is important to keep it because it is one of our success stories, and I am very proud of the Cirque du Soleil,"  Daoust said. 

Daoust said his government will wait to see what happens next before discussing whether it's necessary for them to intervene. 

The province's pension fund manager — the Caisse de dépôt​ — refused to comment on whether it could be a potential investor.

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