Scotiabank Plans to Fully Acquire Scotia Group Jamaica Limited
June 12, 2026
Scotiabank has proposed to acquire all shares of Scotia Group Jamaica Limited (SGJL) that it does not currently own, moving the business to a wholly owned privately held entity. The deal will be structured as a court-approved Scheme of Arrangement in Jamaica, with expected closing in the fourth calendar quarter of 2026 subject to court approval and minority shareholder approval.
- Targets
- Scotia Group Jamaica Limited (SGJL)
- Industry
- Financial Services
- Location
- Jamaica
- Transaction Type
- Buyout
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