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Olympia Financial Group Inc. to Acquire Investment Accounts from Canadian Western Trust Company

PRIVATEDec 03, 2024

Acquiring Company

Olympia Financial Group

Acquired Company

Canadian Western Trust Company

CanadaFinancial ServicesFinanceLendingBanking

Description

Olympia Financial Group Inc. (TSX: OLY) has announced the acquisition of approximately 3,400 self-directed non-registered and registered plan investment accounts from Canadian Western Trust Company for $1.7 million in cash. The transaction is anticipated to be completed on January 1, 2025.

Quick answer

Olympia Financial Group is acquiring Canadian Western Trust Company, announced December 2, 2024.

How much did Olympia Financial Group pay for Canadian Western Trust Company?
The deal value was not disclosed.
What does Olympia Financial Group do?
Olympia conducts most of its operations through its subsidiary Olympia Trust Company, a non-deposit taking trust company.
Where are Olympia Financial Group and Canadian Western Trust Company based?
Canadian Western Trust Company is based in Canada.

Source: Fundz verified event record.

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Company Information

Company

Olympia Financial Group

About

Olympia conducts most of its operations through its subsidiary Olympia Trust Company, a non-deposit taking trust company. Olympia Trust Company is licensed to conduct trust activities in Alberta, British Columbia, Saskatchewan, Manitoba, Quebec, Newfoundland and Labrador, Prince Edward Island, New Brunswick and Nova Scotia. Olympia Trust Company administers self-directed registered accounts, provides foreign currency exchange services and Corporate and Shareholder services. Olympia also offers private health services plans through its subsidiary Olympia Benefits Inc. and provides information technology services to exempt market dealers, registrants and issuers through its Exempt Edge division. Olympia’s common shares are listed on the Toronto Stock Exchange under the symbol “OLY”.

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Frequently asked

Who acquired Canadian Western Trust Company?

Canadian Western Trust Company was acquired by Olympia Financial Group. The deal was reported on December 3, 2024. Olympia conducts most of its operations through its subsidiary Olympia Trust Company, a non-deposit taking trust company. Olympia Financial Group is privately held.

When did Olympia Financial Group acquire Canadian Western Trust Company?

Olympia Financial Group's acquisition of Canadian Western Trust Company was reported on December 3, 2024. Olympia Financial Group Inc. (TSX: OLY) has announced the acquisition of approximately 3,400 self-directed non-registered and registered plan investment accounts from Canadian Western Trust Company for $1.7 million in cash. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Canadian Western Trust Company do?

Canadian Western Trust Company is a financial institution currently administering approximately 3,400 self-directed non-registered and registered plan investment accounts. These accounts will be purchased by Olympia Trust in the acquisition transaction. It is privately held, operating in Financial Services, and is based in Canada.

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