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Scotiabank raises buyout offer for Scotia Group Jamaica

Sep 30, 2026

Acquiring Company

Scotiabank

Acquired Company

Scotia Group Jamaica Ltd

JamaicaFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceLendingBanking

Description

Scotiabank has increased its offer to buyout minority shareholders of Scotia Group Jamaica to $75 per share from $61.50. The revised offer values the shares Scotiabank does not own at approximately $63.6 billion. This change comes ahead of a voting meeting set for October 7, where minority shareholders will decide on the proposal.

Quick answer

Scotiabank is acquiring Scotia Group Jamaica Ltd, announced September 30, 2026.

How much did Scotiabank pay for Scotia Group Jamaica Ltd?
The deal value was not disclosed.
Where are Scotiabank and Scotia Group Jamaica Ltd based?
Scotia Group Jamaica Ltd is based in Jamaica.
Who are the decision-makers at Scotiabank?
Fundz holds 5 contacts at Scotiabank. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Scotiabank

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Frequently asked

Who acquired Scotia Group Jamaica Ltd?

Scotia Group Jamaica Ltd was acquired by Scotiabank. The deal was reported on September 30, 2026. Scotiabank is privately held and operates in Financial Services.

When did Scotiabank acquire Scotia Group Jamaica Ltd?

Scotiabank's acquisition of Scotia Group Jamaica Ltd was reported on September 30, 2026. Scotiabank has increased its offer to buyout minority shareholders of Scotia Group Jamaica to $75 per share from $61.50. The revised offer values the shares Scotiabank does not own at approximately $63.6 billion. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Scotia Group Jamaica Ltd do?

Scotia Group Jamaica Ltd is a financial services provider operating in Jamaica. It offers a range of services including banking, insurance, and investment solutions. It is privately held, operating in Financial Services, and is based in Jamaica.

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