First Int'l acquires Montrusco

Article Abstract:

First International Asset Management Inc., a financial services consolidator, has signed a $101-million deal to acquire Montrusco Bolton Inc. (Montreal), a money management firm. The transaction increases the assets of First International from $18-billion amongst affiliates to $28-billion. Under the terms of the deal, First International is offering $14.25 a share for Montrusco. The company will also assume $5-million in debt. Moreover, the deal will increase Montrusco's resources, which will help the company to develop its international money management.

First International Asset Management Inc., Montrusco Bolton Inc.

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TSE firms used to get Kazakhstan assets

Article Abstract:

Netherlands-based Central Asian Industrial Holdings NV is attempting to acquire Calgary, Alberta-based Hurricane Hydrocarbons Ltd. through the Toronto Stock Exchange. Bermuda-based Nelson Resources Ltd. has announced a pact with Canaccord Capital (Europe) Ltd. to raise approximately $4 million in a private placement.

Securities and Commodity Exchanges, Netherlands, Sales, profits & dividends, Security and commodity exchanges, Securities Exchanges, Crude Petroleum and Natural Gas Extraction, Crude petroleum and natural gas, Strategic alliances, Crude Petroleum & Natural Gas, Management, Finance, Stock exchanges, Petroleum industry, Contracts, Natural gas, Securities industry, Petroleum, Gas industry, Toronto Stock Exchange, Canaccord Capital Corp., Central Asian Industrial Holdings N.V., Hurricane Hydrocarbons Ltd., Nelson Resources Ltd.

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Sun Life Financial to sell British unit to Credit Suisse

Article Abstract:

Sun Life Financial Services of Canada Inc. is to announce the sale of Sun Life of Canada Asset Management Ltd. to Credit Suisse Asset Management. The selling price is expected to be between one hundred and twenty million British dollars and one hundred and thirty million British dollars.

United Kingdom, Commercial Banks, Investment Banking and Securities Dealing, Foreign operations, Life Insurance, Direct Life Insurance Carriers, Business Credit Institutions, All Other Nondepository Credit Intermediation, Portfolio & Funds Management, Insurance industry, Portfolio management, Commercial finance companies, Life insurance industry, Sun Life Financial Services of Canada Inc., Sun Life of Canada Asset Management Ltd., Credit Suisse Asset Management

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