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 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 to Transfer Latin American Banking Operations to Davivienda
The Bank of Nova Scotia BNS or Scotiabank has agreed to transfer its banking operations in Colombia, Costa Rica and Panama to Davivienda. Further, Mercantil Colpatria will divest its stake in Scotiabank Colpatria in Colombia as part of the deal.
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 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,
Scotiabank upgrades Extra Space to Sector Perform on valuation
Scotiabank last night upgraded Extra Space Storage (EXR) to Sector Perform from Underperform with an unchanged price target of $167. The ...
Invest $17,000 in This Dividend Stock for $5,540.08 in Passive Income
Canadian banks can provide investors with a strong passive-income opportunity, and not just from dividends. The post Invest ...
EUR/USD: Markets are reluctant perhaps to push FX too hard – Scotiabank
The Euro (EUR) has settled into a tight trading range around the 1.03 point through the latter part of this week, Scotiabank’s Chief FX Strategist Shaun Osborne notes. “Markets are reluctant perhaps ...
Williams resumed with a Sector Perform at Scotiabank
Scotiabank analyst Brandon Bingham resumed coverage of Williams (WMB) with a Sector Perform rating and $51 price target U.S. energy ...
Scotiabank to Take $980 Million Charge on Colombia Unit Deal
Bank of Nova Scotia agreed to transfer its operations in Colombia, Costa Rica and Panama to Banco Davivienda SA of Colombia, ...
National Hockey League44m
Flames Host Indigenous Celebration
The Calgary Flames are set to host their Indigenous Celebration Game presented by Scotiabank, this Saturday, January 11 th ...
Scotiabank to sell 'troubled' operations in Colombia, Costa Rica and Panama
Scotiabank is selling its holdings in Colombia, Panama and Costa Rica to Colombian bank Banco Davivienda as it looks to ...
Scotiabank asumirá cargo de US$980M por venta unidad colombiana
Bank of Nova Scotia acordó transferir sus operaciones en Colombia, Costa Rica y Panamá a Banco Davivienda SA de Colombia, y dijo que, como resultado, asumirá un cargo después de impuestos de1.400 ...
bankingdive4d
KeyBank grants top execs $16.7M in equity awards after Scotia deal
CEO Chris Gorman could receive up to $11.35 million if the bank over-performs on targets for capital requirements, CET1 and ...