Scotiabank obtains 20% stake in Colombia's Davivienda

Scotiabank to transfer some Latam banking operations to Davivienda
The Bank of Nova Scotia (NYSE:BNS), known as Scotiabank, agreed on Monday to transfer banking operations of its Colombia, Costa Rica, and Panama businesses to Davivienda in exchange for an ~20% stake in the combined banking operations.
Scotiabank transfers some Latin American assets to Colombia's Davivienda for 20% stake
Scotiabank will hand over its operations in Colombia, Costa Rica and Panama to Colombian bank Davivienda, both parties said on Monday, in exchange giving Scotiabank a 20% stake in Davivienda. It marks Scotiabank's latest move to refocus on its core markets.
Scotiabank Transfers Latin American Operations to Davivienda for Strategic Stake
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Scotiabank hands over Colombia, Costa Rica, and Panama operations to Davivienda
In return for the transfer of operations, Scotiabank will gain around a 20% stake in Colombia lender Davivienda.
Scotiabank obtains 20% stake in Colombia's Davivienda with operations handover
Scotiabank will hand over its operations in Colombia, Costa Rica and Panama to Colombian bank Davivienda, both parties said on Monday, in exchange giving Scotiabank a 20% stake in Davivienda. The move is part of Scotia's push to slim down operations in non-core markets,
Scotiabank enters agreement to transfer certain banking operations to Davivienda
Scotiabank (BNS) has entered into an agreement with Davivienda to transfer Scotiabank’s banking operations in Colombia, Costa Rica and Panama
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