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CI Financial shares soar after deal to sell stake in U.S. wealth management business - BNN Bloomberg

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Shares in CI Financial Corp. soared after it announced a deal to sell a 20 per cent stake in its U.S. wealth management business to a group of institutional investors for about $1.34 billion.

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CI Financial selling stake in U.S. wealth business to pay down debt, shares soarGroup of institutional investors to pay $1.34-billion for minority investment
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