Firm Represents Colombia’s Mercantil Colpatria in Scotiabank’s Acquisition of 51% in Banco Colpatri
10.20.11
This is only gets display when printing
Simpson Thacher represented Mercantil Colpatria in connection with its sale to The Bank of Nova Scotia of 51 percent of the shares of Banco Colpatria. Mercantil will receive $500 million in cash and 10 million in common shares of Scotiabank pursuant to the transaction, which values Banco Colpatria at approximately $2 billion. The transaction is subject to regulatory approval.
Mercantil Colpatria is a conglomerate whose business operations have a leadership presence in Colombia’s banking, construction, insurance, pension fund and health sectors. Banco Colpatria is one of the largest financial groups and credit card issuers in Colombia.
The Simpson Thacher team includes: David Williams, Ed Chung, Borja Marcos and Corina Gugler (M&A), Seojung Park and Beatrice Larkin (Tax), David Rubinsky (Executive Compensation and Employee Benefits), Joyce Xu, Alina Casner and Qian Lisa Wang (Derivatives), Marcela Robledo (IP), and Rob Smit and Emma Lindsay (Arbitration).