RBC Announces Sale Of Moneris To Francisco Partners
RY•RBC to sell Moneris to Francisco Partners
Aug. 10 (Reuters) - Royal Bank of Canada RY.TO:
- RBC announces sale of Moneris to Francisco Partners
- RBC says Moneris to be sold to Francisco Partners for $2 billion, RBC share 50%
- RBC expects gain of $475 million after-tax ($560 million pre-tax) as adjusting item
- RBC says deal expected to have marginally positive impact to RBC's CET1 ratio upon close
- RBC and BMO to enter exclusive long-term customer referral arrangements with Moneris
Source text: ID:nCNWRW5w0a
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