No Decision on Scotia Acquisition

A meeting between government officials, officials from Scotia Bank and Republic Financial Holdings Friday, January 18th 2019 only left the parties wanting another meeting.

Government Chief of Staff Lionel Hurst told ZDK Newsroom that no decision was made that day and only preliminary discussions concerning the acquisition of Scotia’s assets took place.

He says another meeting is expected to take place, although a date and time has not yet been set.

The government here wants local banks to be the first consortium of financial institutions to be offered the Scotia deal but the directors of the Canadian Bank have already promised it to Trinidad and Tobago’s Republic Financial Holdings.

 

News Reporter
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