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31.10.2023 13:49:21 - dpa-AFX: Scotiabank Sells 20% Stake In CTFS To Canadian Tire
OTTAWA (dpa-AFX) - The Bank of Nova Scotia (BNS.TO, BNS) or Scotiabank, a
Canadian lender, said on Tuesday that it has concluded the sale of its 20
percent equity interest in Canadian Tire Financial Services or CTFS to Canadian
Tire Corporation (CTC.TO, CTC_A.TO).
As a result of transaction, for the fourth-quarter, Scotiabank will post an
after-tax gain of around $319 million.
Scotiabank said that it will continue to provide a committed credit facility of
$1.1 billion to CTFS for the next 18 months.
Copyright(c) 2023 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
Canadian lender, said on Tuesday that it has concluded the sale of its 20
percent equity interest in Canadian Tire Financial Services or CTFS to Canadian
Tire Corporation (CTC.TO, CTC_A.TO).
As a result of transaction, for the fourth-quarter, Scotiabank will post an
after-tax gain of around $319 million.
Scotiabank said that it will continue to provide a committed credit facility of
$1.1 billion to CTFS for the next 18 months.
Copyright(c) 2023 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
| Name | WKN | Börse | Kurs | Datum/Zeit | Diff. | Diff. % | Geld | Brief | Erster | Schluss | |
|---|---|---|---|---|---|---|---|---|---|---|---|
 |
BK NOVA SCOTIA | 850388 | Frankfurt | 48,145 | 20.09.24 18:26:01 | +0,430 | +0,90% | 0,000 | 0,000 | 47,400 | 48,145 |
|
CANADIAN TIRE CORP.LTD.CL | 858397 | Frankfurt | 104,600 | 20.09.24 21:39:24 | -0,200 | -0,19% | 0,000 | 0,000 | 104,000 | 104,600 |
