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TORONTO - 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 ...
Breaking News, Sports, Manitoba, Canada
TORONTO - 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.
CI Financial Corp will sell a 20% stake in its U.S. wealth management arm to Bain Capital LP and other investors for C$1.34 billion , the Canadian asset manager said on Thursday, pausing efforts... | May 11, 2023
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Group of institutional investors to pay $1.34-billion for minority investment