Announced

Completed

Scotiabank completed the acquisition of a 14.9% stake in KeyCorp for $2bn.

Synopsis

Scotiabank, a Canadian multinational banking and financial services company, completed the acquisition of a 14.9% stake in KeyCorp, a bank-based financial services company, for $2bn. "Our investment in KeyCorp represents a cost-effective, low-risk approach to deploying capital into the US while boosting returns for our shareholders. We are pleased to have closed this transaction, which is consistent with our commitment to allocate capital from developing markets to developed markets in North America," Scott Thomson, Scotiabank President and CEO.

Show Details & Financials

Did you work on this deal?

Showcase your expertise to over 3 million dealmakers and industry leaders on Datasite.

Sort

By continuing, you agree to our Terms & Conditions and our Data Privacy Policy

© COPYRIGHT 2025 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US