Scotia Gets CentAm, Caribbean Assets

Scotiabank has agreed to acquire assets from Chile’s Grupo Altas Cumbres. Scotia will get Altas’ Banco de Antigua in Guatemala and select assets of Banco de Ahorro y Credito Altas Cumbres in the Dominican Republic. In addition, Scotia has the option to purchase Banco del Trabajo in Peru. The bank did not disclose terms of the transaction, which is expected to be finalized within days.