Bank of Montreal

BMO: XTSE (CAN)
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Royal Bank of Canada and BMO: Will Sell Moneris Joint Venture for CAD 2 Billion

Royal Bank of Canada and BMO Financial Group announced on Aug. 10 that they have agreed to sell jointly owned payment processing business Moneris Solutions to Francisco Partners, a private equity firm, for cash consideration of approximately CAD 2 billion.

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