Royal Bank of Canada says it has received regulatory approvals from the Minstry of Finance and the Office of the Superintendent of Financial Institutions to acquire Centura Banks, Inc. Centura is headquartered in Rocky Mount, N.C.
Royal says all necessary regulatory and shareholder approvals have been received. The transaction is expected to close on June 5. The deal was announced back in January.
This is the highest monthly foreign investment in Canadian securities since March 2022
As part of the joint venture, the partners will acquire a portfolio of 12 Canadian industrial assets totalling 27 buildings
The industry is going through generational shifts, including a wave of smaller players being bought up
Employers had fewer difficulties filling available positions
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The Canadian dollar traded for 72.60 cents US, up slightly from Wednesday
The institute will work with Business Future Pathways on the guidelines