OTTAWA (dpa-AFX) - Bank of Nova Scotia said it has agreed to increase ownership in its Chilean operations or 'Scotiabank Chile' through acquisition of an additional 7.0% stake from the Said family.
The transaction is valued at approximately C$500 million, and completion of the sale will impact Scotiabank's Common Equity Tier 1 capital ratio by approximately eight basis points.
Upon closing, Scotiabank's ownership in Scotiabank Chile will increase to 83%.
Copyright RTT News/dpa-AFX
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