- Bank of Nova Scotia (NYSE:BNS) first invested in Thanachart Bank eight years ago, and today owns 49% of the Thai lender. Amid a strategic review of its Asia-Pacific operations, the bank is considering options which could include the sale of all or part of that stake.
- The holding is on Scotiabank's books at a value of $1.75B.
- Canada's most international bank, Scotiabank of late has been focusing its interest on Latin America vs. Asia. Bloomberg reports a formal sale process for Thanachart could being early next year.