MEDIUMVulnerability
Global
RBC and BMO agree C$2bn Moneris sale
·Source: Finextra
Updated:
Executive Summary
Royal Bank of Canada and Bank of Montreal have agreed a C$2 billion cash deal to sell payments processing joint venture Moneris to private equity firm Francisco Partners.
Analysis
Royal Bank of Canada and Bank of Montreal have agreed a C$2 billion cash deal to sell payments processing joint venture Moneris to private equity firm Francisco Partners.