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Financial institution Of Nova Scotia To Enhance Stake In Scotiabank Chile – Nasdaq

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(RTTNews) – Financial institution of Nova Scotia stated it has agreed to extend possession in its Chilean operations or “Scotiabank Chile” by way of acquisition of an extra 7.0% stake from the Stated household.

The transaction is valued at roughly C$500 million, and completion of the sale will impression Scotiabank’s Widespread Fairness Tier 1 capital ratio by roughly eight foundation factors.

Upon closing, Scotiabank’s possession in Scotiabank Chile will enhance to 83%.

The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.



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