Brief: Sagicor Financial Corp Says It Will Not Proceed With Acquisition Of Scotiabank Insurance Jamaica

Sagicor Financial

01/11/2019 15:29

Nov 1 (Reuters) - Sagicor Financial Corp  SAFI.L :
    * UPDATE ON SCOTIABANK INSURANCE TRANSACTIONS
    * SAGICOR WILL NOT PROCEED WITH ACQUISITION OF SCOTIABANK
INSURANCE JAMAICA AT THIS TIME
    * SAGICOR CONTINUES TO PURSUE TRANSACTIONS CONTEMPLATED IN
TRINIDAD SPA
    * CO, ALIGNVEST ACQUISITION II CORP & SCOTIABANK TRINIDAD
AND
TOBAGO LIMITED REMAIN PARTIES TO A SHARE PURCHASE AGREEMENT
    * REMAIN PARTY TO 20-YEAR DISTRIBUTION AGREEMENT FOR
INSURANCE
PRODUCTS AND SOLUTIONS IN TRINIDAD AND TOBAGO
    * CO, BANK OF NOVA SCOTIA JAMAICA MUTUALLY AGREED NOT TO
PROCEED
WITH 20-YEAR AGREEMENT FOR INSURANCE PRODUCTS, SOLUTIONS IN
JAMAICA

Source text for Eikon:  ID:nRSA8980Ra 
Further company coverage:  SAFI.L 

 ((Reuters.Briefs@thomsonreuters.com;))