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Announced

Bank of Nova Scotia to acquire an additional 16.8% stake in Scotiabank Chile for $1bn.

Financials

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Transaction Value£762m
Consideration TypeOrdinary Shares, Cash
Capital Owned83%
Capital Bid For17%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Banks

bank

Chile

Majority

Pending

Private

Single Bidder

Acquisition

Friendly

Domestic

Synopsis

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Bank of Nova Scotia, a bank that offer personal, commercial, corporate & investment banking products and services, agreed to acquire an additional 16.8% stake in Scotiabank Chile for $1bn. "Today's announcement enables us to achieve even greater scale and deliver the highest value for customers, further strengthening our position as a Leading Bank in the Americas. Our long-standing relationship with the Said family will remain a significant benefit to us as we build on our momentum in Chile over the coming years," Brian Porter, Scotiabank President and CEO.

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