Saskatchewan NDP Raises Concerns Over ISC Sale to Plenary Americas
Sask. NDP criticizes ISC sale
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The Saskatchewan New Democratic Party (NDP) is criticizing the sale of the Information Services Corporation (ISC) to Plenary Americas LP for $1.2 billion. They express concerns about potential price increases for land transactions and the lack of obligation for the new owner to maintain current structures and fees. Premier Scott Moe defends the sale as beneficial for the province.
- 01The sale of ISC to Plenary Americas LP is valued at $1.2 billion.
- 02NDP MLA Aleana Young warns that the new ownership could lead to increased costs for land transactions.
- 03Premier Scott Moe states that ISC initiated the sale process and emphasizes benefits for the province, including board member appointments.
- 04The provincial government retains a 30% stake in ISC and ensures the head office remains in Regina.
- 05The opposition questions the rationale behind selling a consistently profitable company.
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The Saskatchewan New Democratic Party (NDP) has voiced strong opposition to the recent sale of the Information Services Corporation (ISC) to Plenary Americas LP for $1.2 billion. NDP MLA Aleana Young raised concerns that the new ownership could lead to increased fees for land transactions and property registration, as there are no guarantees that Plenary will maintain existing structures. Premier Scott Moe defended the sale, asserting that ISC approached the provincial government with the desire to sell, and he highlighted the benefits of the agreement, including the province's ability to appoint two board members and maintain a 30% stake in ISC. Moe emphasized that a master services agreement ensures all data and intellectual property will remain in Saskatchewan until 2053. Despite these assurances, the NDP remains skeptical, questioning the decision to sell a profitable entity and expressing concerns about the implications of handing over a monopoly service to a private company focused on shareholder interests.
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The sale of ISC could affect local property transaction costs and the quality of service delivery in Saskatchewan.
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