Business Services Industry
Bank of Nova Scotia
Latin Trade, Sept, 2003
BANK OF NOVA SCOTIA, a Canadian bank, signed an agreement with financial authorities in the Dominican Republic to acquire select financial assets of Banco Intercontinental, including 35 branches on the island. The Canadian bank also purchased real estate valued at approximately US$25 million but will not assume any of Baninter's $2.2 billion in liabilities.
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