Canada Approves EQB Takeover of Loblaw’s Mass-Market Banking Arm

Canadian challenger bank EQB Inc. won government approval for its deal to acquire the mass-market banking arm of Loblaw Cos. and said the transaction is set to close this summer.

By Christine Dobby · Bloomberg Markets

Canadian challenger bank EQB Inc. won government approval for its deal to acquire the mass-market banking arm of Loblaw Cos. and said the transaction is set to close this summer.