Scotiabank (BNS) should follow the lead of Banco Santander and spin off 25% of its Mexican unit,...
Scotiabank (BNS) should follow the lead of Banco Santander and spin off 25% of its Mexican unit, says BMO Capital. First, BMO believes the price would be right. Second, the shares would prove a nice war chest for future acquisitions. Grupo Scotiabank's value is estimated in the $5-6.5B range.
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