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The Bank of Nova Scotia Acquires 51% Of Banco Colpatria Red Multibanca SA


Wednesday, 18 Jan 2012 06:05am EST 

The Bank of Nova Scotia announced the closing of its acquisition of 51% of Banco Colpatria. Through this long-term partnership with Mercantil Colpatria, who retains 48.7% ownership, Scotiabank will participate in significant growth opportunities in Colombia. The purchase will be satisfied through a combination of USD500 million in cash and 10,000,000 common shares of The Bank of Nova Scotia. 

Company Quote

56.93
-0.49 -0.85%
19 Jun 2013