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

September 26, 2020

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