Scotiabank to sell El Salvador banking and insurance operations [Business News Network (BNN) Energy & Resources (Canada)]
Bank Nova Scotia Halifax Pfd 3 Ordinary Shares (BNS)
Last bank nova scotia halifax pfd 3 ordinary shares earnings: 2/25 05:30 am
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Source: Business News Network
Scotiabank to sell El Salvador banking and insurance operations TORONTO -- The Bank of Nova Scotia says it has reached an agreement to sell its banking and insurance operations in El Salvador to Imperia Intercontinental Inc. Scotiabank says the sale, subject to approval, will result in an after-tax loss of approximately $170 million, which largely represents the goodwill related to the business. "This transaction with Imperia is in the best interest of our customers, employees and shareholders," said Ignacio Deschamps, Scotiabank's group head of international banking and digital transformation in a statement. "We are confident that Imperia, with the support of a talented team, will be well positioned to continue to grow the businesses and provide a high level of service to customers in El Salvador." Imperia is the main shareholder of financial institution Banco Cuscatlan and insurance company Seguros e Inversiones S.A in El Salvador. The acquisition represents an "exciting new develop
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BNS
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- 2/27/24 - Beat
BNS
Sec Filings
- 4/24/24 - Form 424B2
- 4/24/24 - Form 424B2
- 4/24/24 - Form 424B2
- BNS's page on the SEC website