Financial M&A » By The Online Investor Staff, updated Sat., Apr. 20, 7:22 AM
Recent mergers and acquisitions in the Financial M&A category.
| This Slide: #11 of 100 |
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 »
|
|||||||||
|
|||||||||
 Free Email Alerts:
Get SEC Filing Alerts Get Dividend Alerts 
|
