BMO Completes Sale of Transportation and Vendor Finance Businesses to Stonepeak
BMO Financial Group (TSX: BMO) has finalized the sale of its Transportation Finance and Vendor Finance businesses to alternative investment firm Stonepeak. As part of the deal, BMO transferred approximately C$11 billion—representing 75% of a total C$14.5 billion loan and lease portfolio—to Stonepeak. The remaining balances are scheduled for transfer in the first quarter of fiscal 2027. The newly formed entity will operate under the name Longview Capital Solutions. To maintain exposure to future growth, BMO has retained a 19.9% interest in the Stonepeak-managed entity that acquired the businesses. This transaction is strategically significant for BMO's capital position, as it is expected to boost the bank's common equity Tier 1 (CET1) ratio by approximately 23 basis points in the fourth quarter of fiscal 2026.
Tickers: $BMO
Topics: Asset Sale Banking Capital Adequacy Transportation Finance