Transaction|May 1, 2019
Scotiabank completes sale of its pension and insurance operations in the Dominican Republic to Grupo Rizek
Torys acted as counsel to Scotiabank with a team led by (Ricco) A.S. Bhasin and that included Konata Lake, Na Fan and Jessica He (corporate/M&A) and Andrew Silverman (tax).
On May 1, 2019, Scotiabank announced the completion of the previously reported sale of Scotia Crecer PPP and Scotia Seguros, its pension and related insurance businesses in the Dominican Republic, to Grupo Rizek.
Further information can be found on Canada Newswire's website.
Scotiabank is Canada's international bank and a leading financial services provider in the Americas.
Grupo Rizek is one of the largest and most prominent diversified business groups in the Dominican Republic.