Mergers and Acquisitions

The Bank of Nova Scotia in the sale of its Caribbean banking operations to Republic Financial Holdings Limited

The Bank of Nova Scotia
Key Contact
Douglas Marshall

Partner, Corporate, Toronto

Team
Damian Rigolo

Partner, Employment and Labour, Toronto

Patrick Marley

Partner, Tax, Toronto

Shuli Rodal

Partner, Competition/Antitrust and Foreign Investment
Chair, Diversity Committee, Toronto

Victoria Graham

Partner, Corporate, Toronto

Ted Liu

Partner, Technology, Toronto

Jonathan Marin

Partner, Pension and Benefits, Toronto

Brian Gray

Partner, Corporate, Toronto

Sahil Chopra

Associate, Emerging and High Growth Companies, Toronto

Emily Gilmour

Associate, Tax, Toronto

On November 27, 2018, The Bank of Nova Scotia (Scotiabank) announced the sale of its banking operations in 9 markets in the Caribbean (Anguilla, Antigua, Dominica, Grenada, Guyana, St. Kitts & Nevis, St. Lucia, St. Maarten, St. Vincent & the Grenadines) to Republic Financial Holdings Limited. These exits are part of Scotiabank’s broader strategy to increase their scale in core geographies and businesses.

Republic Financial Holdings is a leading financial group based in Trinidad & Tobago with operations across the Caribbean and Ghana.

Osler, Hoskin & Harcourt LLP is acting for Scotiabank with a team led by Doug Marshall that included Brian Gray, Sahil Chopra, Victoria Graham (Corporate), Shuli Rodal (Competition/Antitrust), Damian Rigolo (Employment & Labour), Jana Steele, Jonathan Marin (Pensions & Benefits), Patrick Marley, Emily Gilmour (Tax) and Ted Liu (Technology).

Value
-
Date Closed
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Lead Office
Toronto
Key Contact
Douglas Marshall

Partner, Corporate, Toronto

Team
Damian Rigolo

Partner, Employment and Labour, Toronto

Patrick Marley

Partner, Tax, Toronto

Shuli Rodal

Partner, Competition/Antitrust and Foreign Investment
Chair, Diversity Committee, Toronto

Victoria Graham

Partner, Corporate, Toronto

Ted Liu

Partner, Technology, Toronto

Jonathan Marin

Partner, Pension and Benefits, Toronto

Brian Gray

Partner, Corporate, Toronto

Sahil Chopra

Associate, Emerging and High Growth Companies, Toronto

Emily Gilmour

Associate, Tax, Toronto