TORONTO, Nov 29 (Reuters) - Canadian regulators will review the sale of HSBC's (HSBA.L) business in Canada to Royal Bank of Canada (RY.TO) for C$13.5 billion ($10 billion) in cash, the Canadian government's finance ministry said on Tuesday.
The Competition Bureau, under the Competition Act, will also review the transaction," the finance ministry said in a statement.
RBC's purchase price reflects a 30% premium to the value some analysts had attributed to HSBC's Canada business.
Analysts had valued HSBC's Canada business in the range of C$8 billion to C$10 billion.
"The Minister of Finance's decision will be informed by all required regulatory review processes," it added.