BMO, RBC agree to sell Moneris to Francisco Partners for about $2 billion cash

• Moneris to be sold to Francisco Partners for about $2 billion in cash; BMO holds a 50% stake.
• BMO expects an after-tax gain of about $600 million at closing, booked in non-interest revenue within Corporate Services as an adjusting item.
• Deal seen lifting BMO’s CET1 ratio by about 15 basis points on a pro forma basis.
• BMO and RBC to sign new long-term exclusive referral agreements with Moneris alongside the transaction.
• Closing targeted for the end of fiscal 2027 first quarter, subject to customary closing conditions.

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