RBC, BMO agree to sell Moneris to Francisco Partners for about $2 billion cash
Reuters2026/08/10 22:03Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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- 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.
Disclaimer:
This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. RBC - Royal Bank of Canada published the original content used to generate this news brief on August 10, 2026, and is solely responsible for the information contained therein.
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