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Scotiabank obtains 20% stake in Colombia's Davivienda with operations handover
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Scotiabank obtains 20% stake in Colombia's Davivienda with operations handover
Jan 6, 2025 7:22 AM

BOGOTA, Jan 6 (Reuters) - Scotiabank will hand over its

operations in Colombia, Costa Rica and Panama to Davivienda, the

Colombian bank said on Monday, in exchange leaving Scotiabank

with a 20% stake in Davivienda.

Scotiabank will also be represented on Davivienda's board of

directors, Davivienda said. It added that the deal is expected

to receive regulatory approval in the second half of 2025.

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