BMO, RBC agree to sell Moneris to Francisco Partners for about $2 billion cash

Reuters2026/08/10 22:02

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Moneris to be sold to Francisco Partners for about $2 billion in cash; BMO holds a 50% stake.
BMO expects an after-tax gain of about $600 million at closing, booked in non-interest revenue within Corporate Services as an adjusting item.
Deal seen lifting BMO’s CET1 ratio by about 15 basis points on a pro forma basis.
BMO and RBC to sign new long-term exclusive referral agreements with Moneris alongside the transaction.
Closing targeted for the end of fiscal 2027 first quarter, subject to customary closing conditions.

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. BMO - Bank of Montreal 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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BMO, RBC agree to sell Moneris to Francisco Partners for about $2 billion cash

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