Power Corporation of Canada (power) is a holding company. It holds interests, directly or indirectly, in companies that are active in the financial services, communications and other business sectors. It operates in four segments: Lifeco, IGM, Parjointco and other. Lifeco offers, in Canada, the United States and Europe, a range of life insurance, retirement and investment products, as well as reinsurance and specialty general insurance products, to individuals, businesses and other private and public organizations. IGM offers a package of financial planning services and investment products to its client base. Parjointco holds its interest in Pargesa, a holding company, which holds diversified interests in companies based in Europe active in specialty minerals, cement and building materials, water, waste services, energy, and wines and spirits. The Other is made up of corporate activities of the Corporation and of Power Financial. On August 2011, Imerys S.A. acquired Luzenac Group.