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The long-rumoured sale of Saskatchewan’s Information Services Corporation will soon become reality.
The provincial government announced on Tuesday that the Crown corporation responsible for various government registries — including business filings and land titles — will be sold to a subsidiary of Plenary Americas, an infrastructure investment arm of the Caisse de dépôt et placement du Québec.
Every piece of farmland and every property with a house or business in Saskatchewan is registered with Information Services Corporation (ISC).
According to a press release, Plenary Americas will acquire 100 per cent of the Class A Limited Voting Shares of ISC, including those held by the Crown Investments Corporation, at a price of $51 per share.
The provincial government says it is expecting to receive approximately $277 million prior to any fees and closing costs.
Saskatchewan will use the proceeds to fund health-care infrastructure, with more details expected to be announced in the coming week.
ISC’s sale
In 2013, the government took ISC public while keeping about 30 per cent ownership interest through shares, making it the largest remaining shareholder.
When ISC first went public in 2013, shares were made available at $14.
Those are the shares being sold, after the completion of a strategic review meant to “maximize shareholder value and opportunities for the potential growth of ISC,” according to a government news release.
Tuesday’s deal was announced after the provincial government introduced and passed legislation during the spring sitting.
The Information Services Corporation Amendment Act 2026 ensured the government would retain its Golden Share in ISC if a sale were to occur.
The Golden Share is a single class of stock that effectively allows the government to ensure that ISC’s intellectual property would remain in Saskatchewan, maintain ISC’s service obligations to the province and ensure the head office and associated jobs remain in Saskatchewan.
As part of the legislation, the government is entitled to appoint two directors and ISC’s head office functions and data will remain in Saskatchewan.
Throughout the sitting, the Opposition NDP argued against any potential sale of ISC, arguing it would drive up costs for land sales and real estate transactions.
The provincial government has said ISC will continue to be the exclusive manager and operator of the Saskatchewan Land Registry, the Saskatchewan Personal Property Registry, the Land Surveys Directory and the Saskatchewan Corporate Registry.
The government also said the Master Services Agreement, which regulates and controls land titles fees, would continue to apply if a sale were to happen.