Laurentian Bank completes sale to Fairstone Bank and portfolio transfer to NBC

Laurentian Bank of Canada has completed its strategic transactions with National Bank of Canada and Fairstone Bank. NBC acquired Laurentian's retail and SME banking portfolios, while Fairstone acquired all outstanding common shares for $40.50 per share in cash, about $1.8 billion, after which Laurentian will focus on specialized commercial banking.

Detected & updated continuously · Source: Nebula