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TMX Group: Completes Acquisition of AST Trust Company (Canada) | Fintech InShorts: Latest fintech news, analysis by experts
Monday, December 23, 2024

TMX Group: Completes Acquisition of AST Trust Company (Canada)

TMX Group: Completes Acquisition of AST Trust Company (Canada)

  • TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding
  • AST Trust Company (Canada) is a full-service, tech-enabled professional services firm that helps companies and security holders across North America
  • Announced it has completed the acquisition of AST Investor Services Inc. (Canada) and its subsidiary AST Trust Company (Canada)
  • The total consideration of the Acquisition was $165 million which includes $30 million of cash
  • The Acquisition is expected to enhance the competitive position of the business by adding a complementary portfolio of transfer agency
  • TSX Trust has strengthened its ability to serve the evolving needs of customers across the marketplace and into the future

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