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Butterfield to acquire control of CIBC Caribbean in US$1.8b deal
The Bank of NT Butterfield & Son Limited is set to acquire control of CIBC Caribbean Bank Limited in a US$1.8 billion deal expected to create a regional banking and wealth management group with approximately US$29 billion in assets.The acquisition, announced Thursday, will see Butterfield acquire Canadian Imperial Bank of Commerce’s 91.7 per cent stake in CIBC Caribbean through a combination of cash and shares.
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thestar.com
CIBC signs deal to sell CIBC Caribbean for US$1.6B, reports Q2 profit up
TORONTO - CIBC announced a deal to sell its 91.67 per cent interest in CIBC Caribbean to the Bank of N.T. Butterfield & Son for a total of US$1.6 billion
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jamaica-gleaner.com
Butterfield to acquire control of CIBC Caribbean in US$1.8b deal
The Bank of NT Butterfield & Son Limited is set to acquire control of CIBC Caribbean Bank Limited in a US$1.8 billion deal expected to create a regional banking and wealth…
