BMO Financial Group

10:41 AM EST - BMO Financial Group : Has reached a definitive agreement with Ameriprise Financial, Inc. to sell the entities that represent its EMEA Asset Management business. Under terms of the agreement, Ameriprise Financial will purchase BMO's EMEA asset management business for £615 million or approximately CAD $1,089 million , in an all-cash transaction, subject to regulatory approvals, and other customary closing conditions. Separately, in the U.S. the transaction includes the opportunity for certain BMO asset management clients to move to Columbia Threadneedle Investments, subject to client consent. The terms of the U.S. agreement were not disclosed. BMO Financial Group shares T.BMO are trading up $0.13 at $115.02.

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