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Scotiabank in talks to sell Malaysian unit Add to ...

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Bank of Nova Scotia is in talks to sell its business in Malaysia, where the bank has operated since 1973, to Cathay Pacific Holdings Ltd.

Scotiabank has entered exclusive negotiations to sell 100 per cent of its subsidiary, Bank of Nova Scotia Berhad, with two of Taiwan-based Cathay’s own subsidiaries, Cathay United Bank and Cathay Life Insurance.

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