Canada: AIM Funds Management Inc. has upped its holding in Molson, according to press reports. The National Post said today that, in a filing with Canadian securities regulators, AIM said it bought 3.39m non-voting Molson A shares last month, increasing its holding to 15.2m shares, or 14.5% of that class. The paper noted that Molson filings showed AIM holding an 11.2% share of the company’s Class A shares in May.

“The shares were acquired and are being held for investment purposes,” AIM said in the latest filing, adding it may buy more shares in the future. “However, this is not expected to result in (AIM), either alone or together with any joint actors, possessing effective control over” Molson. Molson announced last month that it is to merge with Adolph Coors Co.

14 August, 2004