Press Room

ARIAS, LEGAL COUNSEL IN THE SALE OF BANCO SCOTIABANK AND SCOTIA SEGUROS IN EL SALVADOR

February, 2019

Arias El Salvador successfully advised the bank of Canadian origin (Bank of Nova Scotia) in the sale of 100% of its operations in favor of the buyer Imperia Intercontinental, the main shareholder of Banco Cuscatlán, S.A. and Seguros e Inversiones, S.A. (SISA), reaching an agreement in the process of the sale that is subject to the authorizations of the corresponding regulatory entities.

Arias participated in this process advising on the negotiation and signing of the sale agreement between the parties.

With its solid expertise and as a strategic partner, Arias accomplished this important agreement that will benefit the parties involved, but above all, the economy of the country.

Arias team of advisors:

Ana Mercedes López – Partner

Mario Lozano – Senior Associate

Rafael Burgos - Associate

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