.
MergerLinks Header Logo

New Deal


Announced

Completed

Canadian Tire completed the acquisition of the remaining 20% stake in CTFS from Scotiabank for $895m.

Financials

Edit Data
Transaction Value£737m
Consideration TypeCash
Capital Owned80%
Capital Bid For20%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Diversified Financials

Majority

Single Bidder

Acquisition

Private

Completed

Canada

Domestic

Friendly

financial services

Synopsis

Edit

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

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US