RBC, BMO agree to sell Moneris to Francisco Partners for about $2 billion cash
RY•RBC and BMO sell Moneris to Francisco Partners
RBC and BMO agreed to sell jointly owned payments provider Moneris to Francisco Partners for about CAD 2 billion in cash.
RBC’s share is 50%; the deal is expected to close by the end of the first quarter of fiscal 2027.
RBC expects an after-tax gain of about CAD 475 million on closing, with a marginally positive impact to its CET1 ratio.
RBC and BMO will enter exclusive long-term customer referral arrangements with Moneris at closing.
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