On July 31, 2011, Canaccord Financial Inc. announced that it has entered into a definitive agreement to acquire a 50% equity interest in BGF Equites*
- When the transaction closes, BGF Equities will be re-named Canaccord BGF
- The transition is expected to close during the calendar fourth quarter of 2011
- This strategic partnership expands Canaccord's global presence with offices in Melbourne, Sydney and Hong Kong, and enhances our listing and distribution capabilities with licenses to operate on the Australian and Hong Kong stock exchanges
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More information about Canaccord's expansion into the Asia-Pacific region can be found in:
* Canaccord Financial Inc. has entered into an agreement to purchase a 50% interest in BGF Equities Group Pty Ltd - the parent company of BGF Equities