Loblaw Sets Up Automatic Plan to Boost EQB Stake Toward 25% Cap
Loblaw is putting an automatic buying program in place that could push its EQB Inc. stake toward the 25% mark, and the market responded with a double-digit jump in the stock.
Loblaw Companies Limited announced on July 14, 2026 an automatic share purchase plan (ASPP) to buy additional common shares of EQB Inc., the parent of Equitable Bank. The plan could take Loblaw's stake from roughly 8.46 million shares up to as many as 10.6 million shares, subject to a cap of 24.9% of EQB's outstanding shares.
EQB shares jumped more than 9% on the news, climbing $12.54 to $148.43. The announcement follows the July closing of Loblaw's sale of PC Financial to EQB, and the expanded share purchase plan deepens the partnership between the two companies.
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Sources
- Loblaw.ca - Loblaw Enters into Automatic Share Purchase Plan to Purchase Common Shares of EQB
- Canadian Mortgage Trends - EQB shares jump as Loblaw signals plans to increase stake
General news and information, not individualized financial advice. Figures reflect the publication date.