Laurentian Bank today announced the sale of its stake in Brome Financial Corporation Inc. to Benassor Inc., effective on Dec. 31, 2005.
As part of the bank’s efforts to refocus operations in its core market segments, Laurentian decided to dispose of its 51% stake in Brome.
Details of this transaction won’t be disclosed until the announcement of Laurentian Bank’s financial results for the first quarter of fiscal 2006, scheduled for February 28.
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