We acted as legal counsel for The Bank of Nova Scotia in the recent transaction involving the transfer of its banking operations in Colombia, Costa Rica, and Panama to Banco Davivienda.
The transaction is expected to be completed in approximately 12 months. As part of the transaction, Scotiabank will receive a roughly 20% stake in the newly combined entity. The integration will strengthen Banco Davivienda, increasing its total assets to around $60 billion and enhancing its position in the Latin American market.
This comprehensive service was led by partners Arturo Gerbaud and Rita de la Guardia, with valuable support from associate Rafael Amar and the notable participation of partner Jorge Federico Lee, associate Leopoldo Padilla, and junior associate Victoria Castro.
This agreement represents a significant milestone in the regional banking landscape and highlights Alcogal’s commitment to excellence in legal and financial advisory services.
