Transaction|May 1, 2015
Scotiabank acquires Citibank's retail and commercial banking operations in Peru
Torys acted as counsel to Scotiabank with a team that included Ian Arellano, Stefan Stauder, Ebad Rahman and Michael Pass.
On May 1, 2015, Scotiabank announced that its subsidiary in Peru acquired the retail and commercial banking operations of Citibank in Peru which includes eight branches serving more than 130,000 retail and commercial banking customers.
Scotiabank is Canada's international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and parts of Asia.
Citi is a the leading global bank with approximately 200 million customer accounts and which does business in more than 160 countries and jurisdictions.
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