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RBC and BMO agree to sell Moneris to Francisco Partners for $2B

Royal Bank Of Canada logoRoyal Bank Of Canada
Sig3.36Sen+2.96Env0.00Soc+0.80Gov+0.84
Bank of Montreal logoBank of Montreal
Sig3.83Sen+2.98Env0.00Soc+0.29Gov+0.71

RBC and BMO Financial Group agreed to sell jointly owned Moneris Solutions to Francisco Partners in a $2 billion deal. Moneris, Canada’s payments commerce provider, will be split 50/50 between the banks. BMO expects an after-tax gain of about $475 million from the sale, projected for the first quarter of fiscal 2027, while Moneris plans to use Francisco Partners’ platform to modernize and grow.

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