Bank of Nova Scotia : Scotiabank completes sale of its 51% Interest in AFP Colfondos to Administradora de Fondos de Pensiones Habitat SA

Scotiabank completes sale of its 51% Interest in AFP Colfondos to Administradora de Fondos de Pensiones Habitat SA December 13, 2019

BOGOTA, COLOMBIA - December 13, 2019 - Scotiabank announced today that it has completed the sale of its 51% interest in AFP Colfondos to an affiliate of Administradora de Fondos de Pensiones Habitat SA ('AFP Habitat'). As part of the agreement, AFP Habitat is also acquiring Mercantil Colpatria's 49% interest in AFP Colfondos.

This transaction supports Scotiabank's strategic decision to focus on core businesses across its footprint, where it can achieve greater scale and deliver the best value for customers.

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For media enquiries only:

Maria Mercedes Ruiz

Gerente, Relaciones Publicas, Scotiabank Colpatria

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Martha Rocio Rodriquez Ramos

Gerente, Relaciones Públicas, Colfondos

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