Scotiabank completes acquisition of remaining stake in Scotia Group Jamaica
BNS•Scotiabank completed its acquisition of all remaining ordinary shares in Scotia Group Jamaica on October 30, 2026. The cash consideration is approximately CAD 600 million, with an estimated CET1 ratio impact of approximately 8 basis points.
1. Acquisition completed
Scotiabank completed its acquisition of all remaining ordinary shares in Scotia Group Jamaica on October 30, 2026. The total cash consideration payable to minority shareholders is approximately CAD 600 million, with an estimated CET1 ratio impact of approximately 8 basis points. Scotia Group Jamaica shares are expected to be delisted from the Jamaica Stock Exchange following completion. The transaction supports capital and operational efficiency across Scotiabank’s existing footprint.
