Scotiabank

Scotiabank to Acquire 51% of Banco Cencosud in Peru and Enter Into Partnership Agreement

Toronto and Lima, Peru (ots/PRNewswire) - Scotiabank today announced its Peruvian subsidiary, Scotiabank Peru, has reached an agreement with Cencosud Peru to acquire a 51% controlling interest in Banco Cencosud, which offers credit cards and consumer loans in Peru, for approximately CAD $130MM. Under the terms of the agreement, the two companies will also enter into a ...