Scotiabank to Negotiate Exclusively with Banco del Desarrollo

Bloomberg, Sean B Pasternak, 10 August 2007Bank of Nova Scotia, Canada's second- largest bank by assets, confirmed that it's in talks with shareholder Inversiones Norte Sur about the firm's stake in Chile's Banco del Desarrollo.Scotiabank said today in a statement that it signed an exclusive agreement with Inversiones Norte Sur and talks continue about Banco del Desarrollo, which has 68 branches