The Litigator

THE LITIGATOR

Commentary on Law Affecting Business

The Litigator
AGM :: Affleck Greene McMurtry LLP

THE LITIGATOR

Affleck Greene McMurtry LLP
365 Bay Street, Suite 200  ·  Toronto, Canada
416 360 2800  ·  info@agmlawyers.com  ·  www.thelitigator.ca

Bureau clears RBC’s acquisition of Ally Canada

The Bureau will not challenge Royal Bank of Canada’s acquisition of Ally Credit Canada Limited, ResMor Trust Company, and certain Canadian affiliates. The transaction involves Ally Canada’s business in consumer and commercial automobile financing and personal banking.

The Bureau’s review focused on various product markets including, indirect consumer automobile financing; subvention financing; floor plan financing; personal core deposits; and Guaranteed Investment Certificates. The Bureau concluded that competition would not be substantially lessened or prevented, in part, because RBC’s post-transaction market shares in the relevant markets would be modest.

Read the Bureau’s press release.

Masiel A. Matus
Affleck Greene McMurtry LLP

Masiel A. Matus

Masiel has a broad commercial litigation practice and represents both national and international clients in a variety of complex matters. Masiel has experience litigating cases involving professional negligence, commercial leasing and real property disputes, insurance, contract disputes, shareholder disputes, fraud, breach of fiduciary duty, breach of trust, employment matters and defamation claims.

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