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Bank of Montreal takes full control of BMO Real Estate as Leo Noé sells stake

BMO Global Asset Management, a wholly owned subsidiary of Bank of Montreal, has taken 100% control of BMO Real Estate Partners - the former F&C/REIT - in a deal that will see Leo Noé, the chairman who is synonymous with the business he founded, and Ivor Smith, Partner and member of the BMO REP board, retire from the Board and sell their stakes.
CoStar News
March 8, 2017 | 2:14 P.M.

Noé and Smith, together with trusts settled for the benefit of certain members of their families, have sold their aggregate 30% interest in BMO REP to F&C Asset Management (part of BMO Global Asset Management and an existing 70% Partner).

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