Bank of Nova Scotia (BNS) said late Friday it has acquired all the outstanding ordinary shares of Scotia Group Jamaica Limited that it did not already own under a court-approved scheme of arrangement, effective effective Oct. 30, 2026.
Following the transaction close, Scotia Group Jamaica Limited's shares are expected to be delisted from the Jamaica Stock Exchange, the company said.
The total cash consideration being paid to minority shareholders is approximately C$0.6 billion ($430 million). The transaction is expected to have an approximately 8-basis-point impact on Scotiabank's Common Equity Tier 1 (CET1) ratio.
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