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Tuesday, May 21, 2024
HomeBankingTMX Group: Announces Agreement to Acquire AST Trust Company (Canada)

TMX Group: Announces Agreement to Acquire AST Trust Company (Canada)

Date:

  • TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses
  • Announced it has entered into an agreement to acquire AST Investor Services Inc. (Canada), and its subsidiary AST Trust Company (Canada)
  • The acquisition of AST Trust Company (Canada) will significantly strengthen TMX’s ability to serve the needs of companies across the marketplace
  • From a strategic perspective, this transaction will help to accelerate TSX Trust’s growth and enhance its competitive position
  • AST Investor Services Inc. (Canada) and AST Trust Company (Canada) offer a comprehensive portfolio of products and services
  • National Bank Financial Inc. is acting as the exclusive financial advisor to TMX Group on the transaction

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