Canada’s CI Financial to spin off part of its U.S. wealth management business via IPO

📆 7-4-2022 17:40:00
📰 globeandmail

⏱ Reading Time:
9 sec. here
2 min. at publisher
📊 Quality Score:
News: 7%
Publisher: 92%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

CI Financial will remain the majority shareholder of the U.S. wealth management unit after the offering and plans to use the proceeds to pay down debt

plans to spin off up to 20 per cent of its U.S. wealth management business through an initial public offering, the Canadian asset and wealth manager said on Thursday.

The U.S. wealth management business has become CI Financial’s largest by assets with roughly $133-billion under management once all outstanding acquisitions are complete.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

Schrijf commentaar

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Canada's cannabis industry braces for increased competition as U.S. legalization looms largerCanada's cannabis industry braces for increased competition as U.S. legalization looms larger — via financialpost Canada US cannabis legalization
Bron: VancouverSun - 🏆 49. / 61 Lees verder »