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EQB Acquires PC Financial for $800 Million Deal

12/4/2025

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Summary

Story summary

EQB Inc. will acquire PC Financial from Loblaw Companies Ltd. for $800 million.
Loblaw Companies Ltd. will receive 7.2 million EQB shares, representing 16% of EQB's shares.
The acquisition expands EQB's customer base by about 3.5 million and adds $5.8 billion in assets.
EQB will become the exclusive financial partner of the PC Optimum loyalty program.
The transaction is expected to close in 2026, pending regulatory approvals.

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Story summary

EQB Inc. will acquire PC Financial from Loblaw Companies Ltd. for $800 million.
Loblaw Companies Ltd. will receive 7.2 million EQB shares, representing 16% of EQB's shares.
The acquisition expands EQB's customer base by about 3.5 million and adds $5.8 billion in assets.
EQB will become the exclusive financial partner of the PC Optimum loyalty program.
The transaction is expected to close in 2026, pending regulatory approvals.