Canadian Natural Resources has entered into an agreement to acquire the Alberta assets of Chevron Canada, an indirect subsidiary of Chevron Corporation, for a total consideration of $6.5 billion. This strategic acquisition represents a pivotal expansion in Canadian Natural’s oil sands and shale portfolio, incorporating Chevron’s 20% stake in the Athabasca Oil Sands Project (AOSP) […]
Royal Bank of Canada (RBC) has unveiled expanded financing opportunities for Canadian homeowners looking to maximize the potential of their properties. Starting June 28, RBC’s updated residential construction mortgage program will allow homeowners to finance the construction of laneway homes, garden suites, modular units, and other auxiliary dwelling units. Additionally, the program supports the redevelopment […]
Aditya Birla Capital Limited (ABCL), the holding company for the financial services businesses of the Aditya Birla Group, has wrapped up an impressive fundraise of Rs 3,000 crores, marking a new milestone in the company’s journey. The funds were raised through a Qualified Institutional Placement (QIP) of equity shares for Rs 1,750 crores, as well […]
HSBC Holdings, through its wholly-owned subsidiary HSBC Overseas Holdings (UK), has agreed to sell HSBC Canada to the Royal Bank of Canada (RBC) for a cash consideration of CAD13.5 billion ($10.1 billion). Under the agreement, RBC will acquire 100% of the issued common equity of HSBC Canada, apart from all the preferred shares and the […]
CACEIS has entered into a memorandum of understanding with Royal Bank of Canada (RBC) to acquire the European asset servicing activities of RBC Investor Services and its associated Malaysian centre of excellence. The acquisition, expected to be completed by the end of the third quarter of 2023, would include custody, global custody FX, fund administration, […]