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M&A Deal Summary

Scotia Bank Acquires The Royal Bank - Chilean Business

On September 27, 2010, Scotia Bank acquired financial services company The Royal Bank - Chilean Business from NatWest Group

Acquisition Highlights
  • This is Scotia Bank’s 1st transaction in the Financial Services sector.
  • This is Scotia Bank’s 1st transaction in Chile.

M&A Deal Summary
Date 2010-09-27
Target The Royal Bank - Chilean Business
Sector Financial Services
Buyer(s) Scotia Bank
Sellers(s) NatWest Group
Deal Type Divestiture

Target

The Royal Bank - Chilean Business

Chile
The Royal Bank of Scotland N.V - Chilean Business comprises corporate and commercial banking operations.

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Buyer(S) 1

Buyer

Scotia Bank

Toronto, Ontario, Canada
Category Company
Founded 1832
Sector Financial Services
Employees89,090
Revenue 31.8B CAD (2023)
DESCRIPTION
Scotiabank branch in London, Ontario.
Scotiabank branch in London, Ontario.

Scotia Bank offers personal, commercial, corporate and investment banking products and services through global team of more than 75,000 Scotiabankers. Scotia Bank was incorporated in 1832 and is based in Toronto, Canada.

DEAL STATS #
Overall 2 of 7
Sector (Financial Services) 1 of 6
Type (Divestiture) 2 of 3
Country (Chile) 1 of 1
Year (2010) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-14 E*TRADE Canada

Toronto, Ontario, Canada

E*TRADE Canada is a provider of online brokerage services in Canada.

Buy $442M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-06 Nuevo Banco Comercial S.A

Montevideo, Uruguay

Nuevo Banco Comercial (NBC) is Uruguay’s largest commercial bank.

Buy -

Seller(S) 1

SELLER

NatWest Group

Edinburgh, United Kingdom
Category Company
Founded 1727
Sector Financial Services
Employees61,857
Revenue 14.8B GBP (2023)
DESCRIPTION

NatWest Group provides support to customers to manage their finances and do business. NatWest Group was founded in 1727 and is based in Edinburgh, the United Kingdom.

DEAL STATS #
Overall 12 of 18
Sector (Financial Services) 8 of 11
Type (Divestiture) 10 of 15
Country (Chile) 1 of 1
Year (2010) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-06 Worldpay UK

Cambridge, United Kingdom

WorldPay is a provider of single card and non-card electronic payment processing services to businesses. Worldpay provides an extensive range of technology-led payment products and services to around 400,000 customers, enabling their businesses to grow and prosper. Worldpay manages the increasing complexity of the payments landscape for its customers, allowing them to accept the widest range of payment types around the world. Using its network and technology, Worldpay is able to process payments across 146 countries and 126 currencies. Worldpay helps its customers to accept more than 300 different payment types.

Sell $2.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-01 Royal Bank of Scotland - UAE Retail Banking business

United Arab Emirates

UAE Retail Banking business provides retail banking services which includes loans and deposit services.

Sell -
Mergr

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