Scotiabank announced agreement to acquire 14.9% equity interest in KeyCorp
Scotiabank has agreed to acquire an approximate 14.9% pro-forma ownership stake in KeyCorp through an issuance of common shares for US$17.17 per share.
The total cash consideration amounts to approximately US$2.8 billion. KeyCorp, a leading U.S.-based financial services company, operates in 15 states, managing US$187 billion in assets and approximately 1,000 branches that provide commercial and retail banking, along with investment advice and services. The investment will be carried out in two phases: an initial 4.9% stake followed by an additional 10% stake, culminating in a total pro forma ownership of roughly 14.9%.
Country updates
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August 06, 2024
RFQ Issued for Hospital Redevelopment Project in Canada
Infrastructure Ontario and Lakeridge Health have issued a Request for Qualifications (RFQ) to design, build, and finance the Bowmanville Hospital Redevelopment project.
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July 08, 2024
Contract Awarded for Quinte Health – Prince Edward County Memorial Hospital Site Redevelopment Project
Infrastructure Ontario (IO) and Quinte Health have awarded a contract to M. Sullivan & Son Limited to continue to deliver progress on the Prince Edward County Memorial Hospital Site Redevelopment...
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June 05, 2024
RFQ issued for Hospital development Project in Canada
Infrastructure Ontario (IO) and William Osler Health System (Osler) have issued a Request For Qualifications (RFQ) for the new Peel Memorial Hospital Phase 2 Redevelopment project to be built on...
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June 04, 2024
Invitation to Tender for new Student Housing facility at Sault College Campus
Sault College with IDEA Inc. has invited General Contractors to provide a Stipulated Price Tender Submission for a new Student Housing facility to be located at the Sault College Campus in Sault Ste....
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May 21, 2024
RFP Issued for Northeast Regional Park - Phase 1A Development Project in City of Airdrie
The City of Airdrie has issued a Request for Proposal (RFP) for the development of Northeast Regional Park - Phase 1A project in Alberta, Canada. The NE Regional Park Master Plan cover...
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