Mercantil Colpatria
Date: Dec 2025
Client: Mercantil Colpatria
Counterparty: Davivienda Group S.A. (as ultimate acquiror through a share transaction with The Bank of Nova Scotia)
Industry: Financial Institutions
Amount: Undisclosed amount
Transaction:
Landmark Alantra acted as financial and strategic advisor to Mercantil Colpatria, in the sale of its 43.9% stake in Scotiabank Colpatria as part of the regional business combination between Davivienda and The Bank of Nova Scotia’s (“BNS”) operations in Costa Rica, Panama and Colombia announced in January 2025. Through this combination, BNS secured a 20.3% stake in Davivienda Group S.A. and Mercantil Colpatria divested its remaining equity interests in Scotiabank Colpatria.
At the time of closing, Scotiabank Colpatria was Colombia’s 7th largest bank in terms of assets, with leading credit card and SMEs businesses. In 2012, Mercantil Colpatria had originally sold a 51% stake in the bank to BNS.
Mercantil Colpatria is a leading Colombian economic group with a diversified portfolio spanning construction, technology, banking, insurance, mining, ports, and road concessions.
Dec 2025
Financial advisor to
on the sale process of its 43.9% stake in Scotiabank Colpatria in the context of the regional business combination of
Undisclosed amount
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