News: Deals: Reports

Scotiabank Peru SA & Bank of Nova Scotia,Toronto, Ontario	Update Date: 05/21/08
Date Announced: 05/13/08
Value (million $USD): n/a

Status: Completed

TRANSACTION DETAILS
Date Announced	05/13/08
Date Originally Announced	05/13/08
Format	Acq. Part. Int.	Acquisition techniques	Privately Negotiated Purc
Attitude	Neutral	Agency	n/a
Value	n/a	Advisor Fees	n/a

SYNOPSIS
PERU - Bank of Nova Scotia, Toronto, Ontario, raised its interest to 98% from 78% in Scotiabank Peru SA, a commercial bank, by acquiring 10.458mil common shares, from Intesa SanPaolo SpA, in a privately negotiated transaction. Terms were not disclosed.

TARGET
Name	Scotiabank Peru SA (Lima : SCOTIA)
Industries	n/a
City	Lima
State	n/a
Nation	Peru
Incorporated in	n/a
Public Status	Public
Business Description	Scotiabank Peru SA, located in Lima, Peru, is a commercial bank. It was founded in February 2, 1943.
Advisors	NULL
Target Sales	735.4 million U.S. Dollar 2.02 billion Peruvian Sol

ACQUIROR
Name	Bank of Nova Scotia,Toronto, Ontario (Toronto : BNS)
Industries	Security brokers, dealers, and flotation companies; Security and commodity services, nec; Offices of holding companies, nec
City	Toronto
State	n/a
Nation	Canada
Incorporated in	n/a
Public Status	Public
Business Description	Bank of Nova Scotia also known as Scotiabank, headquartered in Toronto, Ontario, provides retail, corporate, and investment banking services worldwide. In addition to more than 950 domestic branches, Scotiabank has more than 1,000 offices in about 45 other countries. Services include deposit accounts, insurance, and lending, brokerage, and trust services. The bank also offers asset management (including mutual funds) and, through its Scotia Capital division, such services as underwriting, corporate debt, and mergers and acquisitions advising. The company was founded in 1932.
Advisors	NULL
Acquiror Sales	25.83 billion U.S. Dollar 25.79 billion Canadian Dollar

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