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EQB to acquire PC Financial from Loblaw for about $800M
Canada’s seventh-largest bank has agreed to acquire PC Financial from Loblaws Co. Ltd. in the latest deal to shake up the country’s financial landscape. EQB Inc., the company behind digital EQ Bank, is paying $800 million in shares and cash in a deal that will see Loblaw take about a 16 per cent stake in the bank while EQ will become the ...
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