Colombia, Scotiabank and Davivienda

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 to Take $980 Million Charge on Colombia Unit Transfer
Bank of Nova Scotia agreed to transfer its operations in Colombia, Costa Rica and Panama to Banco Davivienda SA of Colombia, saying it will take an after-tax charge of C$1.4 billion ($980 million) as a result.
Scotiabank To Transfer Banking Operations In Colombia, Costa Rica, Panama To Davivienda
Monday announced the decision to transfer its banking operations in Colombia, Costa Rica and Panama to Latin America-based Davivienda. In exchange for the transfer, the bank will receive a combination of newly issued common and preferred shares,
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 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 Operations to Davivienda, Secures Strategic Stake
Scotiabank has entered into an agreement with Davivienda, transferring its banking operations in Colombia, Costa Rica, and Panama in exchange for a 20% ownership stake in the combined entity. This move aligns with Scotiabank’s strategic plan to enhance profitability and operational efficiency in its non-core markets,
UNICEF Support For Venezuelan Migrant Children In Colombia
Colombia hosts more Venezuelan migrants than any other country in the region. UNICEF is there, helping children and ...
Legendary drug lord Fabio Ochoa is deported to Colombia and walks free after 20 years in US prisons
One of Colombia’s legendary drug lords and a key operator of the Medellin cartel has been deported back to the South American country, after serving 25 years of a 30-year prison sentence in the United ...
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German customs finds 153 kilograms of cocaine on ship from Colombia
German customs officers have found 153 kilograms of cocaine aboard a freighter arriving from Colombia at the North Sea port ...
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Colombia’s First Unicorn Keeps Delivering
Rappi’s rise to a multi-billion-dollar company preparing for an IPO shows the potential for disruption in Latin America’s ...
Colombia superstar James Rodriguez to leave Rayo Vallecano after just five months
Rayo Vallecano made a splash in the transfer market this summer when they brought in the 2024 Copa America Player of the ...
Colombia Is at Risk of Repeating Brazil’s Costly Fiscal Mistakes
Colombia and Brazil are both run by leftist presidents with ambitious social agendas. Now the neighboring Latin American nations have something else in common: growing investor fears about government ...
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New Route on Colombia's Highest Peak
Three climbers have opened a new route on 5,740 Simon Bolivar Peak, Columbia's highest mountain. They climbed the 2nd-highest ...
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Evangelical pastor, family members killed after church service in Colombia
A beloved Evangelical pastor and two family members were killed in northern Colombia while outside a restaurant after a ...
Colombia Swap Rates Jump as New Minimum Wage Fuels Fiscal Woes
Colombia’s swap rates surged across the curve following a surprisingly large minimum wage increase that added to expectations ...
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Exploring Colombia's vibrant wedding customs
Colombia, with its wealth of culture and traditions, holds a treasure trove of unique wedding customs. Brimming with colorful ...