Mercantil Colpatria
Date: Jan 2025
Client: Mercantil Colpatria
Counterparty: Banco Davivienda
Industry: Financial Institutions
Amount: Undisclosed amount
Transaction:
Landmark Alantra acted as financial and strategic advisor to Mercantil Colpatria, a leading Colombian economic group with a diversified portfolio spanning construction, technology, banking, insurance, mining, ports, and road concessions, on the sale process of its minority stake in Scotiabank Colpatria.
Scotiabank Colpatria, is 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 The Bank of Nova Scotia.
In the context of the broader regional business combination announced in January 2025, under which The Bank of Nova Scotia, once regulatory approvals are obtained, will secure a ∼20% stake in Davivienda Group S.A., Mercantil Colpatria will divest its remaining equity interests in Scotiabank Colpatria.
Pending Regulatory Approvals
Jan 2025
Financial advisor to
on the sale process of its minority interest in Scotiabank Colpatria in the context of the regional business combination announced by
Pending Regulatory Approvals
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