Scotiabank Completes Acquisition of Remaining Scotia Group Jamaica Shares for CA$600 Million

MT newswire2026/10/30 20:36

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

04:36 PM EDT, 10/30/2026 (MT Newswires) -- The Bank of Nova Scotia (BNS.TO, BNS) said Friday it completed its previously announced acquisition of all outstanding shares of Scotia Group Jamaica Limited that it did not already own for approximately CA$600 million. The bank said the transaction, effective Oct. 30, was expected to have an impact of approximately eight basis points on its Common Equity Tier 1 ratio. Following the acquisition, Scotia Group Jamaica's shares are expected to be delisted from the Jamaica Stock Exchange. Bank's shares closed down CA$2.39 at CA$131.05 on Toronto Stock Exchange on Friday.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

A new twist has emerged in the US AI data center investment boom. SoftBank is preparing for cooling US demand and a deteriorating political environment, and does not rule out shifting data center construction priorities to other countries. As cross-border computing power delivery capability improves and investment returns come under question, the logic behind AI infrastructure expansion is loosening, and over $3.5 trillion in infrastructure investment now faces potential impairment risks.

华尔街见闻•2026/11/09 10:26