Connect with us

Hi, what are you looking for?


Barclays lands role advising Bank of Montreal

Barclays will function as financial adviser to Bank of Montreal on its acquisition of UK asset manager F&C. The UK bank was named as a financial adviser alongside the Canadian lender’s investment banking arm, BMO Capital Markets, in a stock exchange announcement. Bank of Montreal will acquire F&C Asset Management in a deal which values the asset manager at approximately £708 million. F&C said the price represented a 30.5% premium to its closing share price of 93.5p on 24 January. Barclays has been increasing its share of financial institutions group advisory, after making a push into the business after its acquisition of Lehman Brothers’ North American assets in 2008. The bank was ranked sixth last year in the global financial M&A league tables, up from 18th in 2007, according to Dealogic.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

PR Newswire

Copyright © Glocal Infomart Pvt Ltd. All rights reserved. Usage of content from website is subject to Terms and Conditions.