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BRIEF-CWB Financial Group to acquire equipment finance, leasing assets of ECN Commercial and Vendor Finance Canada
2017年10月30日 / 晚上8点46分 / 1 个月前

BRIEF-CWB Financial Group to acquire equipment finance, leasing assets of ECN Commercial and Vendor Finance Canada

Oct 30 (Reuters) - Canadian Western Bank:

* CWB Financial Group to acquire equipment finance and leasing assets of ECN Commercial and Vendor Finance Canada

* Canadian Western Bank - ‍expects transaction to be immediately accretive to earnings per common share and return on common shareholders’ equity​

* Canadian Western Bank - ‍management expects to fund portfolio primarily through its securitization facilities​

* Canadian Western - ‍entered into definitive asset purchase agreement to acquire for cash Canadian commercial and vendor finance assets of ECN Capital Corp​

* Canadian Western Bank - expects acquired portfolio to contribute approximately $0.10 of adjusted cash earnings per common share in fiscal 2018 & 2019​ Source text for Eikon: Further company coverage:

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