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Financial M&A image Financial M&A » By The Online Investor Staff, updated Mon., Dec. 6, 12:22 PM Recent mergers and acquisitions in the Financial M&A category.

Slide #11. Scotiabank 20% of Canadian Tire's Financial Services Business

Acquirer: Scotiabank (BNS.CA)
Acquiree: 20% of Canadian Tire's Financial Services Business (CTC.CA)
Details: Canadian Tire Corporation, Limited (TSX: CTC) (TSX: CTC.A) and Scotiabank (TSX: BNS) (NYSE: BNS) today announced a far-reaching strategic partnership that creates unprecedented opportunities for joint marketing to drive new business growth. The agreement will see Scotiabank acquire a 20% equity interest in Canadian Tire's financial services business for $500 million in cash. Scotiabank will also provide a funding commitment to Canadian Tire's financial services business with credit card receivable financing of up to $2.25 billion.

The Bank of Nova Scotia is a financial services provider providing a range of products and services, including personal, commercial, corporate and investment banking. Co. has four operating segments: Canadian Banking, which provides a suite of financial advice and banking solutions to Retail, Small Business and Commercial Banking customers; International Banking, which is a franchise with Retail, Corporate and Commercial customers; Global Wealth Management, which is focused on delivering wealth management advice and solutions; and Global Banking and Markets, which provides corporate clients with lending and transaction services, investment banking advice and access to capital markets.

Preferreds: BNS.PRJ.CA, BNS.PRK.CA, BNS.PRL.CA, BNS.PRM.CA, BNS.PRN.CA, BNS.PRO.CA, BNS.PRP.CA, BNS.PRQ.CA, BNS.PRR.CA, BNS.PRS.CA, BNS.PRT.CA, BNS.PRX.CA, BNS.PRY.CA, BNS.PRZ.CA



Open the BNS.CA Page at The Online Investor »

The Bank of Nova Scotia is a financial services provider providing a range of products and services, including personal, commercial, corporate and investment banking. Co. has four operating segments: Canadian Banking, which provides a suite of financial advice and banking solutions to Retail, Small Business and Commercial Banking customers; International Banking, which is a franchise with Retail, Corporate and Commercial customers; Global Wealth Management, which is focused on delivering wealth management advice and solutions; and Global Banking and Markets, which provides corporate clients with lending and transaction services, investment banking advice and access to capital markets.

Preferreds: BNS.PRJ.CA, BNS.PRK.CA, BNS.PRL.CA, BNS.PRM.CA, BNS.PRN.CA, BNS.PRO.CA, BNS.PRP.CA, BNS.PRQ.CA, BNS.PRR.CA, BNS.PRS.CA, BNS.PRT.CA, BNS.PRX.CA, BNS.PRY.CA, BNS.PRZ.CA



Open the CTC.CA Page at The Online Investor »

Company Name: 
Bank of Nova Scotia Halifax
Website: 
www.scotiabank.com
Sector: 
Banking & Savings
Number of ETFs Holding BNS.CA: 
6
Total Market Value Held by ETFs: 
$52.61M
Total Market Capitalization: 
$79.51B
% of Market Cap. Held by ETFs: 
0.07%
Company Name: 
Canadian Tire Corp Ltd
Website: 
www.investors.canadiantire.ca
Sector: 
Department Stores
 

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