Scotiabank will hand over its operations in Colombia, Costa Rica and Panama to Colombian bank Davivienda, both parties said on Monday, in exchange giving Scotiabank a 20% stake in Davivienda.

Tras el anuncio de Davivienda y el Scotiabank Canadá, los dueños de Colpatria, hasta ahora aliados de los canadienses en Colombia, anunciaron también la firma de un acuerdo para vender a Scotiabank cerca del 43,9 por ciento en Scotiabank Colpatria.

In return for the transfer of operations, Scotiabank will gain around a 20% stake in Colombia lender Davivienda.

Scotiabank will hand over its operations in Colombia, Costa Rica and Panama to Colombian bank Davivienda, both parties said on Monday, in exchange giving Scotiabank a 20% stake in Davivienda. The move is part of Scotia's push to slim down operations in non-core markets,

Scotiabank becomes a shareholder, with approximately 20% of all Davivienda operations and participation in its board of directors. This was reported by several Colombian and Costa Rican media. This transaction not only represents one of the largest recent financial sector agreements,

Banco Davivienda informa que, previa autorización de su Junta Directiva, ha suscrito un acuerdo con The Bank of Nova Scotia (Scotiabank Canadá) para

BOGOTÁ/TORONTO, 6 ene (Reuters) -El banco colombiano Davivienda anunció el lunes que, como parte de su proceso de expansión internacional, suscribió un acuerdo con el canadiense Scotiabank para integr

(TSX: BNS), commonly known as Scotiabank, announced an agreement to transfer its banking operations in Colombia, Costa Rica, and Panama to Davivienda, a prominent Latin

Scotiabank says it has signed a deal to sell its banking operations in Colombia, Costa Rica and Panama to Davivienda in exchange for a 20% stake in the Colombian financial institution. The Canadian bank says the deal supports its operational efficiency efforts in its non-core markets.