BMO Closes Sale of Transportation and Vendor Finance Businesses
PR Newswire•29/10/2026•18:30 ET
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Key Highlights
- ➤BMO closes sale of Transportation and Vendor Finance businesses to Stonepeak
- ➤Stonepeak receives approximately C$11 billion, or 75%, of C$14.5 billion portfolio
- ➤Remaining loan and lease balances expected to transfer in fiscal 2027's first quarter
- ➤BMO retains 19.9% interest in the Stonepeak-managed acquiring entity
- ➤Transaction expected to improve BMO's CET1 ratio by approximately 23 bps in fiscal 2026's fourth quarter
BMO Closes Sale of Transportation and Vendor Finance Businesses PR Newswire
TORONTO and CHICAGO, Oct. 29, 2026 /PRNewswire/ -- BMO Financial Group (TSX: BMO) (NYSE: BMO) today announced it has closed the previously announced sale of its Transportation Finance and Vendor Finance businesses to Stonepeak.
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