Reuters: Deals: RBC to buy full ownership of RBC Dexia

Reuters: Deals Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

RBC to buy full ownership of RBC Dexia Apr 3rd 2012, 11:36 TORONTO | Tue Apr 3, 2012 7:36am EDT TORONTO (Reuters) - Royal Bank of Canada said on Tuesday it agreed to acquire the 50 percent stake in RBC Dexia that it does not already own from its joint-venture partner Banque Internationale à Luxembourg S. A. for 837.5 million euros (C$1.1 billion). RBC Dexia provides fund and pension administration, shareholder services and treasury services to institutional investors. RBC, Canada's No. 1 bank, said it expects the acquisition to be moderately boost its earnings in 2013.

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