Wealth and Asset Management
CIBC sells 19 percent stake in Butterfield
Canadian Imperial Bank of Commerce is selling its $155 million stake in Butterfield, five years after investing in the Bermuda-based banking group. Butterfield will buy 80 million of CIBC’s 19 percent stake for $120 million. The remaining 23.4 million shares are taken over by Carlyle Group for $1.50 per…
Continue Reading
Subscribe to unlock the full article and access premium financial content.
Click here to read the full story: Compass Cayman