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POSSE HERRERA RUIZ ADVISES SCOTIABANK IN THE SALE OF ITS MAJORITY STAKE IN AFP COLFONDOS

Posse Herrera Ruiz acted as Colombian legal counsel to Scotiabank, in the sale of its stake in the Colombian company Colfondos S.A. Pensiones y Cesantías, equivalent to the 51% of the participation in the Colombian company’s capital.  Colfondos AFP is a main player in the sector of pension management in Colombia.  The transaction also involves the sale of the 49% stake of Mercantil Colpatria in Colfondos AFP.

COUNSEL TO SCOTIABANK

In-house Counsel

  • Anita Mackey, Doug Robertson, Marita Bellido

Posse Herrera Ruiz

  • Óscar Tutasaura, Juan Guillermo Ruiz (Leading partners)
  • Lina Lineros, Isabel Torres, Pablo Fernández

Torys LLP

  • Ricco Bhasin (Leading partner)
  • Andrew Silverman, Brook Wong, Na Fan.