RBC acquires the Athena Energy Group to expand existing commodities business into Quebec

RBC acquires the Athena Energy Group to expand existing commodities business 
into Quebec 
Announces new name of RBC Natural Gas Services Inc. 
TORONTO, April 3, 2013 /CNW/ - Royal Bank of Canada (TSX: RY) (NYSE: RY) today 
announced that it has acquired the Athena Energy Group, a market leading 
natural gas supplier in Quebec. The acquisition expands RBC Capital Markets' 
existing business, which offers structured pricing for natural gas supply, 
from Ontario into Quebec. 
Terms were not disclosed. 
"RBC is the leading Canadian bank offering structured contracts for natural 
gas supply directly to commercial clients, helping them manage their exposure 
to changes in energy prices. This acquisition builds on our existing presence 
in the market and positions us well for the future," said Bruce Macdonald, 
Head of Commodities & Electronic Trading at RBC Capital Markets. "Athena has 
longstanding relationships with more than 400 commercial and institutional 
clients in Quebec, and its team will be able to leverage the strength in 
commodities and risk management of RBC to provide additional value to its 
clients." 
RBC Capital Markets' Commodities group provides leading international sales 
and trading capabilities across a variety of commodity markets (oil and gas, 
metals, agriculture, electricity and carbon emissions) in North America and 
Europe. 
"The Athena team is excited about the opportunity to join RBC. As part of RBC 
Natural Gas Services Inc., we will have even better tools to continue to 
provide outstanding service to our customers and further grow our business," 
said Robert Bédard, principal co-founder, Athena Energy Group and 
vice-president and co-head of commercial energy, RBC Capital Markets. 
The Athena Energy Group was a privately-held business headquartered in St. 
Leonard, Quebec, consisting of two sister companies, Athena Energy Marketing 
Inc. and Athena Energy Services Inc. Effective immediately, the Quebec natural 
gas structured contracts business is renamed and will operate as RBC Natural 
Gas Services Inc. 
About RBC Capital Markets
RBC Capital Markets is the corporate and investment banking arm of the Royal 
Bank of Canada, the fifth largest bank in North America by market 
capitalization. RBC Capital Markets is a premier investment bank that provides 
a focused set of products, services and expertise to corporations, 
institutional investors and governments around the world. With over 6,500 
professionals in 15 countries, we deliver our products and services to clients 
in over 100 countries through operations across North America, Europe, and the 
Asia-Pacific region. For more information, please visit www.rbccm.com. 
About RBC
Royal Bank of Canada (RY on TSX and NYSE) and its subsidiaries operate under 
the master brand name RBC. We are Canada's largest bank as measured by assets 
and market capitalization, and are among the largest banks in the world, based 
on market capitalization. We are one of North America's leading diversified 
financial services companies, and provide personal and commercial banking, 
wealth management services, insurance, and investor services and wholesale 
banking on a global basis. We employ approximately 80,000 full- and part-time 
employees who serve more than 15 million personal, business, public sector and 
institutional clients through offices in Canada, the U.S. and 49 other 
countries. For more information, please visit rbc.com. 
RBC supports a broad range of community initiatives through donations, 
sponsorships and employee volunteer activities. In 2012, we contributed more 
than $95 million to causes worldwide, including donations and community 
investments of more than $64 million and $31 million in sponsorships. 
Caution Regarding Forward-Looking Statements 
From time to time, we make written or oral forward-looking statements within 
the meaning of certain securities laws, including the "safe harbour" 
provisions of the United States Private Securities Litigation Reform Act of 
1995 and any applicable Canadian securities legislation. We may make 
forward-looking statements in this press release, in filings with Canadian 
regulators or the SEC, in reports to shareholders and in other communications. 
Forward-looking statements in this press release include, but are not limited 
to, statements relating to the expected impact of the acquisition of Athena 
Energy Group by Royal Bank of Canada. Forward-looking statements are typically 
identified by words such as "believe", "expect", "foresee", "forecast", 
"anticipate", "intend", "estimate", "goal", "plan" and "project" and similar 
expressions of future or conditional verbs such as "will", "may", "should", 
"could" or "would". 
By their very nature, forward-looking statements require us to make 
assumptions and are subject to inherent risks and uncertainties, which give 
rise to the possibility that our predictions, forecasts, projections, 
expectations or conclusions and other forward-looking information, including 
statements about the expected impact of the acquisition of Athena Energy Group 
by Royal Bank of Canada, will not prove to be accurate and will not be 
achieved. We caution readers not to place undue reliance on these statements 
as a number of risk factors could cause our actual results to differ 
materially from the expectations expressed in such forward-looking statements. 
These factors - many of which are beyond our control and the effects of which 
can be difficult to predict - include, but are not limited to: the impact of 
changes in the laws and regulations regulating financial services and 
enforcement thereof; general business and economic market conditions in 
Canada, the United States and certain other countries in which Royal Bank of 
Canada or Athena Energy Group operate; the effects of competition in the 
markets in which Royal Bank of Canada and Athena Energy Group operate; 
judicial or regulatory judgments and legal proceedings; the ability of Royal 
Bank of Canada to complete the integration of Athena Energy Group's business 
successfully; and other factors that may affect future results of Royal Bank 
of Canada and RBC Capital Markets' Commodities business, including timely 
development and introduction of new products and services, and the ability of 
Royal Bank of Canada to build on its existing presence in the market. 
We caution that the foregoing list of risk factors is not exhaustive. When 
relying on our forward-looking statements to make decisions with respect to 
us, investors and others should carefully consider the foregoing factors and 
other uncertainties and potential events. Material economic assumptions 
underlying the forward looking-statements contained in this press release are 
set out in the Overview and outlook section and for each business segment 
under the heading Outlook and priorities in our 2012 Annual Report, as updated 
by the Overview section in our Q1 2013 Report to Shareholders. Except as 
required by law, we do not undertake to update any forward-looking statement, 
whether written or oral, that may be made from time to time by us or on our 
behalf. 
Additional information about these and other factors can be found in the Risk 
management and Overview of other risks sections of our 2012 Annual Report and 
in the Risk management section of our Q1 2013 Report to Shareholders. 
Media Contacts: Gillian McArdle, Communications, RBC Capital 
Markets,gillian.mcardle@rbc.com, 416-842-4231 Raymond Chouinard, Media & 
Public Affairs,raymond.chouinard@rbc.com, 514-874-6556 
Analyst Contacts: Lynda Gauthier, Director, Investor 
Relations,lynda.gauthier@rbc.com, 416-955-7808 
SOURCE: RBC 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/April2013/03/c2106.html 
CO: RBC Capital Markets
ST: Ontario
NI: FIN MNA  
-0- Apr/03/2013 12:00 GMT
 
 
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