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Maroc Maroc - NEWMARKETTODAY.CA - A La Une - 30/Aug 15:35

Scotiabank closes first phase of investment in U.S. bank KeyCorp

TORONTO — Scotiabank says it has completed the first step in its investment in KeyCorp with the acquisition of a 4.9 per cent stake in the U.S. bank. The Canadian bank says it paid US$17.17 per share or about US$800 million for the stake.

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