Share this article Share this article TORONTO, May 3, 2021 /CNW/ - The Bank of Nova Scotia ("Scotiabank") announced today that it has reached an agreement to increase ownership in its Chilean operations ("Scotiabank Chile") through acquisition of an additional 7.0% stake from the Said family. Upon closing, Scotiabank's ownership in Scotiabank Chile will increase to 83%. The transaction is subject to customary closing conditions and regulatory approvals. "Scotiabank's presence in Chile is a key pillar of our International Business and we are pleased to further strengthen our operations in the country," said Brian Porter, President and CEO, Scotiabank. "We are grateful for our ongoing partnership with the Said family and look forward to building on our momentum in Chile over the coming years."