TMX Group restructures its holdings in CanDeal

On October 30, 2018 CanDeal.ca Inc. (“CanDeal”), the leading institutional electronic marketplace for Canadian bond, money market, and derivatives trading, has announced an ownership restructuring under which each of Canada’s six leading banks increased its stake in the marketplace. As a result of the restructuring, which included a reduction in TSX Inc.’s share, CanDeal's ownership group each has an equal share of the company. Fasken advised TMX Group Limited on this transaction with a team that included Alex Nikolic, John Elias and Sophie MacRae (corporate and finance) and Mitchell Thaw (tax).