National Bank Financial Group

National Bank Financial Group

December 01, 2009 16:08 ET

National Bank Financial Group Partner of Canadien Hockey Club

MONTREAL, QUEBEC--(Marketwire - Dec. 1, 2009) - National Bank Financial Group (TSX:NA) announced it is a participating member of the group of investors, presided by the Molson brothers, which acquired the Montreal Canadien hockey Club, the Bell Centre and the Gillett Entertainment Group. The acquisition was completed today upon its approval by the National Hockey League.

Financial details of the transaction have not been disclosed. National Bank Financial Group hence becomes minority shareholder. National Bank Financial Group is also at the helm of the banking syndicate responsible for financing this major transaction.

"We are very proud to join this flagship of sports history in Canada. This is both a business opportunity and a way for the Group to confirm its commitment to the community'" declared National Bank Financial Group President and CEO Louis Vachon.

National Bank Financial Group is delighted to close the celebrations of its 150th anniversary by becoming partner with the Montreal Canadien hockey Club, which also marks a key moment of its century-old history.

About National Bank of Canada

National Bank of Canada, which is celebrating its 150th anniversary in 2009, is an integrated group which provides comprehensive financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its clients elsewhere in the world. National Bank offers a full array of banking services, including retail, corporate and investment banking. It is an active player on international capital markets and, through its subsidiaries, is involved in securities brokerage, insurance and wealth management as well as mutual fund and retirement plan management. National Bank has close to $135 billion in assets and, together with its subsidiaries, employs 17,772 people. The Bank's securities are listed on the Toronto Stock Exchange (TSX:NA). For more information, visit the Bank's website at

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Contact Information

  • National Bank Financial Group
    Denis Dube
    Director, Public Relations