Announced
Completed
Financials
Tags
Diversified Financials
Majority
Single Bidder
Acquisition
Private
Completed
Canada
Domestic
Friendly
financial services
Synopsis
Canadian Tire, a group of companies that includes a retail segment, completed the acquisition of the remaining 20% stake in Canadian Tire Financial Services, a financial services company, from Scotiabank, a multinational banking and financial services company, for $895m. "This move enables us to expedite key elements of our Triangle Rewards strategy to stay relevant to customers' changing needs and expand our credit card program to unlock even greater value for shareholders," Greg Hicks, Canadian Tire President and CEO.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.