Scotiabank (BNS) agrees to buy the Canadian unit of ING for $3.1B, with the net investment...

|By:, SA News Editor

Scotiabank (BNS) agrees to buy the Canadian unit of ING for $3.1B, with the net investment (after deducting excess capital at ING Bank of Canada) footing to $1.9B. To fund the purchase, Scotiabank will undertake a secondary of 29M shares at $52. BNS -2.1%, ING +1.7% AH. (PR)