Bank of Montreal

BMO: XTSE (CAN)
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Bank of Montreal: Announced Sale of Transportation and Vendor Finance Loans; Shares Richly Valued

On May 12, Bank of Montreal announced a definitive agreement to sell its transportation finance and vendor finance loan portfolios to Stonepeak. The transaction is subject to regulatory and customary closing conditions. Shares of BMO traded down by around 0.8% intraday on the Toronto Stock Exchange.

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