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BRIEF-CIBC says banks and insurance companies announce canadian business growth fund of up to $1 bln
March 9, 2017 / 3:59 PM / 6 months ago

BRIEF-CIBC says banks and insurance companies announce canadian business growth fund of up to $1 bln

March 9 (Reuters) - Canadian Imperial Bank Of Commerce

* banks and insurance companies announce canadian business growth fund of up to $1 billion

* typical investment amounts in each company will range between $3 million and $20 million

* fund expected to have initial capital commitments of over $500 million, with possibility for future contributions of up to $1 billion Source text for Eikon: Further company coverage:

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