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