Thanachart Bank (TBank is considering strategic options for its 49% stake, valued at $1.7bn, in The Bank of Nova Scotia) in Thailand. Scotiabank may begin a formal sale process early next year. However, it has not yet finalized the decision on the sale. Meanwhile, Scotiabank is focusing on expanding its business in the Latin American market.
The Bank of Nova Scotia is considering strategic options for its 49% stake, valued at $1.7bn, in Thanachart Bank (TBank) in Thailand. Scotiabank may begin a formal sale process early next year. However, it has not yet finalized the decision on the sale. Meanwhile, Scotiabank is focusing on expanding its business in the Latin American market.