Transaction|August 14, 2018
Scotiabank announces agreement to acquire Banco Dominicano del progreso
Torys acted as counsel to Scotiabank with a team led by (Ricco) A.S. Bhasin and that included Kevin Wall, Justin Crawford (corporate/M&A) and Richard Johnson (tax).
On August 14, 2018, Scotiabank announced that it reached an agreement to acquire Banco Dominicano del Progreso, a bank with operations in the Dominican Republic, subject to regulatory approval.
Scotiabank is Canada's international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific.
Banco Dominicano del Progreso is a bank in the Dominican Republic with 57 branches, 188 ABMs and 367 banking sub-agents that serve more than 250,000 retail and commercial customers.
Further information can be found on Canada Newswire's website.