BMO closes sale of transportation equipment and vendor finance business to Stonepeak
Bitget2026/10/29 22:30- BMO has completed the previously announced sale of its transportation equipment financing and vendor finance business to Stonepeak.
- The closing transferred about 75%, or CAD 11 billion, of the roughly CAD 14.5 billion combined loan and lease portfolio.
- The remaining balances are expected to transfer in the first quarter of fiscal 2027, subject to customary conditions.
- The bank retains a 19.9% stake in the Stonepeak-managed acquiring entity, now operating as Longview Capital Solutions.
- The transaction is expected to improve the bank’s common equity Tier 1 capital ratio by about 23 basis points in fiscal fourth-quarter 2026.
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