BMO, RBC agree to sell Moneris to Francisco Partners for about $2 billion cash - BMO News | RalliesBMO, RBC agree to sell Moneris to Francisco Partners for about $2 billion cash
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BMO• Moneris sale and related agreements
- Moneris to be sold to Francisco Partners for about $2 billion in cash; BMO holds a 50% stake.
- BMO expects an after-tax gain of about $600 million at closing, booked in non-interest revenue within Corporate Services as an adjusting item.
- The deal is expected to lift BMO’s CET1 ratio by about 15 basis points on a pro forma basis.
- BMO and RBC will sign new long-term exclusive referral agreements with Moneris alongside the transaction.
- Closing is targeted for the end of fiscal 2027 first quarter, subject to customary closing conditions.
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