Scotiabank to sell Dominican Republic pension and insurance operations
Scotiabank | December 21, 2018
Continuing its exit from the Caribbean markets revealed last month, Scotiabank has announced plans to sell its pension and related insurance businesses in the Dominican Republic. The Canadian financial company has reached an agreement for the sale of Scotia Crecer AFP (the pension business) and Scotia Seguros (the insurance business) to Grupo Rizek, subject to regulatory approvals and customary closing conditions.