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BRIEF-Scotiabank Signs Non-Binding MOU Regarding Stake In Thanachart Bank Public Co

Published 2019-02-26, 05:50 a/m
© Reuters.  BRIEF-Scotiabank Signs Non-Binding MOU Regarding Stake In Thanachart Bank Public Co
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Feb 26 (Reuters) - Bank of Nova Scotia BNS.TO :

* SCOTIABANK ENTERS INTO NON-BINDING MEMORANDUM OF UNDERSTANDING REGARDING ITS INTEREST IN THANACHART BANK PUBLIC COMPANY LIMITED (TBANK) AND POTENTIAL MERGER OF TBANK AND TMB BANK PUBLIC COMPANY LIMITED

* SCOTIABANK - TRANSACTIONS ARE EXPECTED TO HAVE A POSITIVE IMPACT ON SCOTIABANK'S CET1 CAPITAL OF APPROXIMATELY 25 BASIS POINTS

* SCOTIABANK - IT IS CURRENTLY EXPECTED MERGER & RELATED TRANSACTIONS WILL RESULT, IF CONCLUDED, IN SCOTIABANK REDUCING INVESTMENT IN THAILAND

* SCOTIABANK - TRANSACTIONS WOULD LEAD TO HOLDING SIGNIFICANTLY SMALLER STAKE IN COMBINED BANK & RECEIVING PROCEEDS EXPECTED TO RESULT IN GAIN ON SALE

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