According to the Canadian Press, Soctiabank has signed an agreement with Chile’s Grupo Altas Cumbres, with an option to buy a full interest in Trabajo. If the takeover receives approval from Peru’s banking regulator, Scotiabank will acquire $386 million assets of the Banco del Trabajo.
Scotiabank spokeswoman Krista Pawley said that the decision was made because there is a regulatory requirement to post down there and that nothing concrete has been achieved in terms of an agreement, as cited in the Canadian Press.
