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STATEMENT: On The Sale of Banking and Insurance Assets by the Bank of Nova Scotia to Republic Financial Holdings and Sagicor Financial Corporation

December 5, 2018

                                              CARICOM COMPETITION COMMISSION

                                                       Statement on

 The sale of banking and insurance assets by the Bank of Nova Scotia to
Republic Financial Holdings and Sagicor Financial Corporation

The Commission in its monitoring of business activity in the CARICOM Single Market and Economy (CSME), has taken note of the  announcement  on 28th November 2018 by the Bank of Nova Scotia (“Scotiabank”) of its intended transaction to sell banking assets in nine (9) English and Dutch speaking countries in the Caribbean.

For the full statement please click here.