��ɫtv

BMO announces agreement to sell its transportation and vendor financing businesses

BMO selling transport, vendor financing businesses

May 11, 2026
May 11, 2026

BMO announces agreement to sell its transportation and vendor financing businesses — People make their way past the Bank of Montreal building in the Financial District of Toronto, Monday, Aug. 14, 2023. THE CANADIAN PRESS/Spencer Colby
SC GAC

People make their way past the Bank of Montreal building in the Financial District of Toronto, Monday, Aug. 14, 2023. THE CANADIAN PRESS/Spencer Colby
SC GAC

TORONTO - BMO Financial Group says it signed an agreement with U.S.-based Stonepeak for the sale of the bank's transportation and vendor finance businesses.

BMO says its transportation finance business provides specialized financing for trucks and trailers while its vendor finance business offers equipment financing through original equipment manufacturers and dealer networks.

The ��ɫtv Press

More Business Stories

You might be interested in

B.C. fire evacuees find social media comfort amid official void about destruction

B.C. fire evacuees find social media comfort amid official void about destruction

Tens of thousands sign petition calling for U.S. ambassador's removal from Canada

Tens of thousands sign petition calling for U.S. ambassador's removal from Canada

B.C. dog owner charged after mauling left woman with 'life-altering' injuries

B.C. dog owner charged after mauling left woman with 'life-altering' injuries

Child who prompted Porter Airline flight cancellation not at fault, passenger says

Child who prompted Porter Airline flight cancellation not at fault, passenger says