BMO Financial Group, Together With Royal Bank of Canada, Entered Into An Agreement For The Sale Of Jointly-Owned Moneris Solutions Corporation To Francisco Partners For Cash Consideration Of ~ $2B
BMO Financial Group (TSX:BMO) (NYSE:BMO) announced today that together with Royal Bank of Canada, it has entered into an agreement for the sale of jointly-owned Moneris Solutions Corporation, a leader in Canadian
BMO and Royal Bank are selling their shared payment company Moneris for about $2 billion in cash. This means both banks are getting money back and letting someone else run that business, which could help them focus on other things.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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