RBC Completes Acquisition of RBC Dexia Investor Services

Royal Bank of Canada (“RBC”) successfully completed the acquisition of the remaining 50 per cent interest in RBC Dexia Investor Services Ltd. for $1.109 billion (“RBC Dexia”) from Banque Internationale à Luxembourg SA (“BIL”). Under the transaction, RBC is now the sole owner of RBC Dexia and will operate under a new brand, as RBC Investor Services.

RBC was represented in-house by Anthony Pagano, Candice Solomon, Lucille D'Souza, Evan Hillman and Sue Wooles; and by corporate partners Mark Gearing and Jim Ford of Allen & Overy LLP in London. It was also represented by Osler, Hoskin & Harcourt LLP as Canadian counsel, with a team that included Stephen Clark, Michelle Lally, Patrick Marley and Victoria Graham in Toronto.

RBC Dexia was represented in-house by Matthias Baillieul and Hanif Mohamed and by Cleary Gottlieb Steen & Hamilton LLP in London with a team led by Michael McDonald (M&A) as well as by McCarthy Tétrault LLP as Canadian counsel with a team led by Sonia Struthers that included Daniel Benay and Nancy Carroll.