RBC to acquire Ally’s Canadian auto finance business
Acquisition positions RBC as a leader in auto financing in Canada TORONTO, Oct. 23, 2012 /CNW/ – Royal Bank of Canada (RY on TSX and NYSE) today announced a definitive agreement to acquire the Canadian auto finance and deposit business of Ally Financial Inc. (“Ally Canada”) for a $1.4 billion investment net of excess capital. Subject to certain closing adjustments and including the excess capital, this results in total consideration of $3.1 to $3.8 billion, depending on the size of the dividend taken out by the seller prior to closing. The acquisition aligns with RBC’s...
Read MoreCanada: Types Of Infrastructure Ontario Projects & How Financing Works
Now that you know what Infrastructure Ontario is, what types of projects does Infrastructure Ontario fund? Infrastructure Ontario projects tend to fall within two types: Design Build Finance. In a Design Build Finance project, the contractor not only builds, but the contractor and a related project company obtain financing for the project as well. Design Build Finance Maintain. In a Design Build Finance Maintain project, the contractor and related project company finance the project and the contractor builds and performs maintenance and repairs for the facility for an extended period of time...
Read More300 Million Rubles ($9.5 Million) Factoring Financing with Russia’s Largest Private Bank
Factoring Agreement Will Support Technology Company’s Growth and Development of Its TOT Money Mobile Commerce and Payment Processing Platform in Russia and Other Emerging Markets MIAMI & MOSCOW–(BUSINESS WIRE)– Net Element International Inc. (NASDAQ: NETE), a technology driven group in mobile commerce and payment processing, as well as in entertainment and culture Internet destinations in Russia and other emerging markets, today announced that its mobile payment processing company, TOT Money, has entered into a 300 million rubles (approximately $9.5 million) factoring...
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