Scotiabank Bids to Acquire Control of Dehring Bunting & Golding

BMO Capital Markets, 23 October 2006In a widely anticipated deal, Scotiabank and its 70%-owned Jamaican subsidiary, Scotiabank Jamaica, will acquire a controlling stake in Dehring, Bunting and Goldring (DB&G) for $85-90 million. This is a small deal, and we are leaving our forecasts unchanged. It is noteworthy that this acquisition is somewhat different from Scotia�s historical focus on personal