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Financial Post article ECN said the transaction made sense for a number of reasons, including favourable terms with minimal closing conditions and noted that trading volume has been significantly lower since two units were sold, one to Truist Bank in 2021 and the other to Stone Point Capital LLC in 2022.
Hudson, who is 67 and owns seven per cent of ECN, said it was a good time to sell the remaining financing businesses because they’ve grown to a size where they will benefit from the backing of large financial players like Warburg. continues
