TORONTO (Reuters) – HSBC’s planned sale of its Canadian business to Royal Bank of Canada (RBC) for C$13.5 billion ($10 billion) would make it Canada’s largest banking deal, according to data from Dealogic.
Below is a list of the top 10 deals announced prior to HSBC:
*Aug 29, 2012 – Bank of Nova Scotia agreed to buy ING Groep’s Canadian online bank for C$3.1 billion.
*Dec 22, 2000 – Ontario Teachers’ Pension Plan and Cadillac Fairview Corp buy out Toronto-Dominion Bank’s real estate portfolio for $844 million.
*Jun 29, 2016 – Laurentian Bank of Canada purchases Canadian equipment financing and corporate financing activities of CIT Group Inc, a portfolio of approximately C$1 billion.
Mar 26, 2002 – Brascan Corp launched a bid for 30% of Trilon Financial Corp for $487 million.
Jul 14, 2008 – Bank of Nova Scotia purchased 100% of Canadian operations of U.S.
online brokerage E*Trade Financial Group Inc for $438 million.
Nov 22, 2001 – Merrill Lynch’s Canadian retail stock brokerage, asset management and securities services acquired by Canadian Imperial Bank of Commerce.
Oct 14, 2020 – Simply Green Home Services Inc acquired SNAP Financial Group Inc. For $389 million making Simply Group’ one of Canada’s biggest non-bank suppliers of consumer credit.
Feb 7, 2022 – Equitable Group Inc to acquire 100% of Concentra Bank for $370 million.
The deal is still pending completion.
Aug 29, 1996 – Royal Bank of Canada said it planned to buy Richardson Greenshields of Canada Ltd. for $351 million.
Mar 4, 2010 – Canaccord Financial Inc signed a definitive agreement to buy Genuity Capital Markets for $330 million.
(Reporting by Maiya Keidan; Editing by Nick Zieminski)
