CIBC has completed an agreement to sell U.S.-based Juniper Financial Corp. to Barclays Bank. Details of the transaction were previously announced on Aug. 18, 2004.
CIBC acquired a 51% interest in Juniper Financial Corp., a credit card issuer based in Wilmington, Delaware, in 2001 and subsequently increased its
ownership to 98%.
The remaining 2% was owned by senior management of Juniper Financial Corp. Barclays purchased 100% of Juniper Financial Corp.
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