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Scotiabank closes acquisition of Citibank's consumer, SME business in Colombia

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Scotiabank closes acquisition of Citibank's consumer, SME business in Colombia

Colombia's Banco Colpatria Multibanca Colpatria SA, a unit of Bank of Nova Scotia, closed its acquisition of the consumer business and small and medium-sized enterprise operations of Citibank - Colombia SA, effective June 30.

The deal received regulatory approval June 18.