The Bank of Nova Scotia Mergers and Acquisitions


The Bank of Nova Scotia

44 King Street West
Scotia Plaza
Toronto, ONT, M5H 1H1
Canada
Tel:1/416 866-3925
URL: http://www.scotiabank.com
Primary Symbol & Exchange:
BNS - Common Stock - Toronto
Other Symbol & Exchange:
BNS - Dual Listed - New York Stock Exchange
Industry:
Banking
The Bank of Nova Scotia Company Snapshot

The Bank of Nova Scotia Deal Timeline


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Acquisitions > 100 M$ 10 to 100 M$ < 10M$ Stakes Divestitures

The Bank of Nova Scotia M&A History


Scotiabank Sud Americano SA acquires remaining interest in Banco Del Desarrollo SA from Bank of Nova Scotia,Toronto Scotiabank Sud Americano SA  acquires remaining interest in  Banco Del Desarrollo SA from Bank of Nova Scotia,TorontoNov 17, 2009

CHILE - Scotiabank Sud Americano SA, a ##%-owned unit of Bank of Nova Scotia, acquired the remaining #.#% stake, which it did not already own, in Santiago- based Banco del Desarrollo. On completion, the merged entity was renamed Scotiabank Chile.

Grupo Profuturo SAB de CV acquires Scotia Afore SA de CV from Bank of Nova Scotia,Toronto (pending) Grupo Profuturo SAB de CV acquires  Scotia Afore SA de CV from Bank of Nova Scotia,Toronto (pending)Nov 09, 2009

MEXICO - Grupo Profuturo SAB de CV agreed to acquire Scotia Afore SA de CV, a Mexico City-based provider of pension fund and investment management services, from Grupo Financiero Scotiabank SA de CV, a unit of Bank of Nova Scotia

Bank of Nova Scotia,Toronto acquires a minority stake in Xian City Commercial Bank (pending) Bank of Nova Scotia,Toronto acquires a minority stake in  Xian City Commercial Bank (pending)Aug 12, 2009

CHINA - Bank of Nova Scotia of Canada planned to raise its stake from #.#% by acquiring an undisclosed minority stake in XiAn City Commercial Bank.

Bank of Nova Scotia,Toronto acquires Five Continents Financial Ltd Bank of Nova Scotia,Toronto acquires Five Continents Financial LtdMar 05, 2009

CAYMAN ISLANDS - Bank of Nova Scotia acquired an undisclosed majority interest, which it did not already own, in Five Continents Financial Ltd, a provider of asset management services.

Bank of Nova Scotia,Toronto acquires UBS Energy LLC-Certain Assets from UBS AG Bank of Nova Scotia,Toronto acquires UBS Energy LLC-Certain Assets from UBS AGMar 04, 2009

US - Bank of Nova Scotia acquired certain assets of UBS Energy LLC, an electric and gas utility company and a unit of UBS AG's UBS Investment Bank subsidiary. The transaction was to include trading and analytical technology, and approximately

Continental Exchange Systems acquires Bancomerico from Bank of Nova Scotia,Toronto Continental Exchange Systems acquires  Bancomerico from Bank of Nova Scotia,TorontoFeb 24, 2009

CANADA - Continental Exchange Systems acquired Bancomerico, a Toronto-based investment bank, from Bank of Nova Scotia.

Bank of Nova Scotia,Toronto is rumored to be looking for a minority stake in Siam City Bank PCL Bank of Nova Scotia,Toronto is rumored to be looking for a minority stake in  Siam City Bank PCLFeb 18, 2009

THAILAND - Bank of Nova Scotia, Toronto, Ontario, was rumored to be planning to acquire an undisclosed minority stake in Siam City Bank PCL.

Bank of Nova Scotia,Toronto acquires a minority stake in Thanachart Bank PCL from Thanachart Capital PCL Bank of Nova Scotia,Toronto acquires a minority stake in Thanachart Bank PCL from Thanachart Capital PCLFeb 03, 2009

THAILAND - Bank of Nova Scotia (BN), through its wholly-owned Bank of Nova Scotia Asia Ltd unit, exercised its option to raise its stake to ##% from ##.##%, by further acquiring a ##.##% stake, or ###.### mil

Bank of Nova Scotia,Toronto acquires a minority stake in CI Financial Income Fund Bank of Nova Scotia,Toronto acquires a minority stake in CI Financial Income FundDec 12, 2008

CANADA - Bank of Nova Scotia, Toronto, Ontario acquired a ##% stake, or ##.### mil common shares, in CI Financial Income Fund, a closed-end investment fund, from Sun Life Financial Inc, for #.# bil Canadian dollars ($#.###

Bank of Nova Scotia,Toronto acquires E Trade Canada from E Trade Financial Corp Bank of Nova Scotia,Toronto acquires E Trade Canada from E Trade Financial CorpSep 22, 2008

CANADA - Bank of Nova Scotia, Toronto, Ontario, acquired E Trade Canada, a provider of online brokerage services, from E Trade Financial Corp, for ###.### mil Canadian dollars ($### mil US) in cash. The transaction had been subject to regulatory

RoyNat Inc acquires Irwin Financial Corp-Small from Irwin Finl Corp,Columbus,IN RoyNat Inc acquires Irwin Financial Corp-Small from Irwin Finl Corp,Columbus,INSep 15, 2008

CANADA - RoyNat Inc acquired the small-ticket leasing assets of Irwin Financial Corp. Terms were not disclosed. The transaction had been subject to required regulatory approval.

CI Financial Income Fund is rumored to be planning to acquire Bank of Nova Scotia-Div from Bank of Nova Scotia,Toronto CI Financial Income Fund is rumored to be planning to acquire  Bank of Nova Scotia-Div from Bank of Nova Scotia,TorontoAug 22, 2008

US - CI financial Income Fund was rumored to be planning to acquire the mutual fund division of Bank of Nova Scotia, a provider of retail, corporate and investment banking services.

Bank of Nova Scotia,Toronto acquires HSBC Bank Canada-Vehicle from HSBC Holdings PLCHSBC Bank of Nova Scotia,Toronto acquires HSBC Bank Canada-Vehicle from HSBC Holdings PLCHSBCJul 29, 2008

CANADA - Bank of Nova Scotia, Toronto, Ontario, acquired the Canadian vehicle finance business HSBC Bank Canada, a unit of HSBC Holdings PLC.

Bank of Nova Scotia,Toronto acquires a minority stake in AFP Profuturo SA Bank of Nova Scotia,Toronto acquires a minority stake in AFP Profuturo SAJun 19, 2008

PERU - Bank of Nova Scotia, Toronto, Ontario, acquired a ##.#% stake in AFP Profuturo SA, a provider of pension fund administration services, from Citibank Overseas Investment Corp (##.#%), a unit of Citigroup Inc, and other shareholders, for ##

Bank of Nova Scotia,Toronto acquires a minority stake in Scotiabank Peru SA Bank of Nova Scotia,Toronto acquires a minority stake in Scotiabank Peru SAMay 13, 2008

PERU - Bank of Nova Scotia, Toronto, Ontario, raised its interest to ##% from ##% in Scotiabank Peru SA, a commercial bank, by acquiring ##.###mil common shares, from Intesa SanPaolo SpA, in a privately negotiated transaction. Terms were not disclosed.

Bank of Nova Scotia,Toronto acquires Banco del Trabajo from Grupo Altas Cumbres Bank of Nova Scotia,Toronto acquires Banco del Trabajo from Grupo Altas CumbresMar 06, 2008

PERU - Bank of Nova Scotia (BN) acquired Banco del Trabajo (BT), from Grupo Altas Cumbres (GA). Originally, BN was rumored to be planning to acquire a BT, from GA. Concurrently, BN agreed to acquire Banco de Antigua SA and certain

Bank of Nova Scotia,Toronto acquires a minority stake in Cidel Bank & Trust Inc Bank of Nova Scotia,Toronto acquires a minority stake in Cidel Bank & Trust IncFeb 21, 2008

BARBADOS - Bank of Nova Scotia, Toronto, Ontario, acquired an undisclosed minority stake in Cidel Bank & Trust Inc, a provider of financial services. Terms were not disclosed.

Bank of Nova Scotia,Toronto acquires Banco de Ahorro-Cert Asts from Grupo Altas Cumbres Bank of Nova Scotia,Toronto acquires Banco de Ahorro-Cert Asts from Grupo Altas CumbresFeb 08, 2008

DOMINICAN REPUBLIC - Bank of Nova Scotia (BN) acquired certain assets of Banco de Ahorro y Credito Altas Cumbres (BA), from Grupo Altas Cumbres (GA). Originally, BN was rumored to be planning to acquire BA. The transaction had been subject to

Bank of Nova Scotia,Toronto acquires Banco de Antigua SA from Grupo Altas Cumbres Bank of Nova Scotia,Toronto acquires Banco de Antigua SA from Grupo Altas CumbresFeb 08, 2008

GUATEMALA - Bank of Nova Scotia (BN) acquired Banco de Antigua SA (BA), from Grupo Altas Cumbres (GA). Originally, BN was rumored to be planning to acquire BA, from GA. The transaction had been subject to regulatory approval. Terms were not

Bank of Nova Scotia,Toronto acquires Brush Engineered Materials-Cer from Brush Engineered Materials Inc Bank of Nova Scotia,Toronto acquires Brush Engineered Materials-Cer from Brush Engineered Materials IncFeb 04, 2008

US - Bank of Nova Scotia, Toronto, Ontario, acquired certain precious metals assets of Brush Engineered Materials Inc, a manufacturer of beryllium, beryllium-containing alloys, and beryllia ceramic products. Terms were not disclosed.

The Bank of Nova Scotia M&A Summary


The Bank of Nova Scotia has made 37 acquisitions while taking stakes in 43 companies. The Bank of Nova Scotia has 31 divestitures during this period.
YearAcquisitionsStakesDivestitures
2009222
2008741
2007560
2006422
2005311
2004023
2003221
2002113
2001012
2000021
1999021
1998022
1997462
1996033
1995121
1994401
1993110
1992110
1991010
1990003
1989001
1988111
1987000
1986000
1985000
1984010
1983000
1982100
Total374331

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