Supreme Court sanctions Scotia Group Jamaica scheme of arrangement
KINGSTON, Jamaica—Scotia Group Jamaica Limited (SGJ) has become a wholly owned subsidiary of The Bank of Nova Scotia (Scotiabank) following the Supreme Court of Jamaica’s decision to sanction a scheme of arrangement. Justice Althea Jarrett sanctioned the scheme on Friday, which saw Scotiabank Caribbean Holdings Limited (SCHL) acquire the remaining SGJ shares held by minority shareholders. The…
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