Mergers and Acquisitions

Laurentian Bank in the sale of its agricultural loan portfolio to National Bank for $474 million

Laurentian Bank
Key Contact
Niko Veilleux

Partner, Corporate, Montréal

Team
Sophie Amyot

Partner, Corporate, Montréal

 

On April 30, 2018, Laurentian Bank officially sold its agricultural loan portfolio to National Bank for $474 million. Laurentian Bank’s Business Services decided to abandon agricultural loans from a specialization perspective, as the agricultural niche no longer matched the bank’s strategy.

Osler, Hoskin & Harcourt LLP represented Laurentian Bank with a team consisting of Niko Veilleux, Sophie Amyot (Corporate), and Kashif Zaman (Financial Services).

Value
$474 million
Date Closed
April 30, 2018
Lead Office
Montréal
Key Contact
Niko Veilleux

Partner, Corporate, Montréal

Team
Sophie Amyot

Partner, Corporate, Montréal