Scotiabank May Explore Strategic Options For Its 49% Stake In Thanachart Bank

(RTTNews) - Canadian financial services provider Bank of Nova Scotia (BNS, BNS.TO) or Scotiabank Scotiabank said it may consider strategic options for its 49% stake in Thanachart Bank Public Company Ltd, as part of a strategic shift in the direction of the company's Asia Pacific operations and led by the realignment of regional operations under the Global Banking and Markets business line.

However, the company has not taken any final decision in respect to this investment.

Scotiabank continues to maintain a good working partnership with Thanachart Capital Public Company Ltd or TCap, a 51% stakeholder in TBank.

The bank noted that TCap is aware of its consideration of strategic options and is open to considering proposals that are also in the interest of TCap as well as TBank's customers, employees, shareholders and regulators.