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Published on 18 Jan 2022 on Reuters via Yahoo Finance

Scotiabank investors see Citi's Mexican unit as good fit, CEO downplays interest


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By Nichola Saminather

TORONTO (Reuters) - Bank of Nova Scotia (Scotiabank) shareholders are urging Canada's No. 3 lender to seriously examine the Mexican consumer banking unit being sold by Citigroup, arguing it would benefit from scaling up in the fast-growing Latin American country.

Markets view Scotiabank as a logical bidder even though Chief Executive Officer Brian Porter downplayed appetite for big deals just a day before Citi announced the sale of Citibanamex, the third biggest retail bank in Mexico.

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