In return for the transfer of operations, Scotiabank will gain around a 20% stake in Colombia lender Davivienda.

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.

Tras el anuncio de Davivienda y el Scotiabank Canadá, los dueños de Colpatria, hasta ahora aliados de los canadienses en Colombia, anunciaron también la firma de un acuerdo para vender a Scotiabank cerca del 43,9 por ciento en Scotiabank Colpatria.

Scotiabank becomes a shareholder, with approximately 20% of all Davivienda operations and participation in its board of directors. This was reported by several Colombian and Costa Rican media. This transaction not only represents one of the largest recent financial sector agreements,

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,

Banco Davivienda informa que, previa autorización de su Junta Directiva, ha suscrito un acuerdo con The Bank of Nova Scotia (Scotiabank Canadá) para

Este lunes 6 de enero, Davivienda confirmó que ha firmado un convenio con Scotiabank Canadá (The Bank of Nova Scotia) para incorporar las operaciones de esta entidad en Colombia, Costa Rica y Panamá a