HSBC obtains approval of Canadian MoF for sale of HSBC Canada to RBC
The Canadian Federal Government’s Minister of Finance approved the sale, with this approval enabling the transaction to proceed.
The Canadian Federal Government’s Minister of Finance approved the sale, with this approval enabling the transaction to proceed.
RBC will acquire 100% of the issued common equity of HSBC Canada for a base cash consideration of CA$13.5bn (US$10.1bn).