India, Nov. 9 -- Monday, Royal Bank of Canada (RY.TO) announced an agreement to acquire Yarra Capital Management Limited, which has approximately A$18 billion in assets under management as at September 30, 2026, and approximately 75 employees.
As per the terms of the deal, RBC Global Asset Management will acquire full ownership of Yarra, which is expected to boost the entity's growth ambitions and commitment to the Australian investment management market.
The transaction is not expected to have a significant impact on RBC's common equity Tier 1 ratio or future run rate earnings.
The deal is expected to complete in the first quarter of 2027.
RY closed trading on Friday at C$284.16, down 0.59 percent on the Toronto Exchange.
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