The Bank of Nova Scotia (Scotiabank) has completed its purchase of KeyCorp’s common stock with an investment of approximately $2 billion, as expected. With this investment, Scotiabank now owns approximately 14.9% of KeyCorp’s common stock. The parties received Federal Reserve approval for the transaction on Dec. 12, 2024.
This purchase completes Scotiabank’s minority investment in KeyCorp pursuant to the agreement announced on Aug. 12, 2024.
