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

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.