June 29 (Reuters) - Laurentian Bank of Canada LB.TO said
it would buy CIT Group Inc's CIT.N Canadian equipment
financing and corporate financing business, a portfolio worth
about C$1 billion ($772 million).
Laurentian Bank said it expect the deal to be modestly
accretive to its adjusted profit in 2017 and boost adjusted
earnings by about 4 percent in 2018.
The deal is expected to close in the fourth quarter after
which about 140 CIT Canada employees will join the bank,
Laurentian Bank said.
($1 = C$1.30)