BMO closes finance-business sale and transfers C$11 billion of assets
Bank of Montreal ($BMO) closed the sale of its Transportation Finance and Vendor Finance businesses to Stonepeak. Approximately C$11 billion of loans and leases transferred at closing, representing around 75% of the estimated C$14.5 billion combined portfolio. The remaining balances are expected to move in the first quarter of fiscal 2027, subject to customary conditions. BMO retains a 19.9% interest in the Stonepeak-managed buyer, allowing it to participate in the businesses’ future performance
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