- Bloomberg
National Bank to Buy Western Canada Rival for $3.6 Billion
(Bloomberg) -- National Bank of Canada agreed to buy Canadian Western Bank for about C$5 billion ($3.6 billion) in stock in a tie-up of two of the country’s regional lenders. Most Read from BloombergUS Inflation Broadly Cools in Encouraging Sign for Fed OfficialsBlinken Casts Doubt on Cease-Fire Hopes After Hamas RespondsHunter Biden Was Convicted. His Dad’s Reaction Was Remarkable.EU to Slap Tariffs of Up to 48% on EV Imports From ChinaStock Bull Run Breaks Record on Fed Decision Day: Markets W
- Reuters
National Bank of Canada denies media report of talks to sell its Cambodian unit
Bloomberg News on Tuesday reported that the lender was exploring options for ABA Bank, including its sale for more than $2 billion. National Bank of Canada is currently not engaged in any process or negotiations for the sale of ABA Bank, nor has it hired any advisers, the bank said in a statement. National Bank of Canada took full control of ABA Bank in 2019, after gradually increasing its stake in the Cambodian lender over the years since 2014.
- Reuters
National Bank of Canada weighs sale of Cambodian unit, Bloomberg News reports
National Bank of Canada is exploring options for its Cambodian unit ABA Bank, including its sale for more than $2 billion in a deal, Bloomberg reported on Tuesday, citing people familiar with the matter. National Bank's other options for the subsidiary could also include minority or majority stake sales, the report added. National Bank of Canada and ABA Bank did not immediately respond to Reuters' requests for comment.
