Scotia Group Jamaica Limited (SGJL) on Friday announced that it is moving to become a private company and delist from the Jamaica Stock Exchange, noting that the transaction, if completed, will have no material impact on its current operations.Scotia Group said it has entered into a definitive arrangement agreement with its majority shareholder, Scotiabank Caribbean Holdings Limited (SCHL), to take SGJL private.

TORONTO - Scotiabank is proposing to buy the minority stake in Scotia Group Jamaica Ltd. that it does not already own in an offer of about $500 million in cash.

Scotia Group Jamaica Limited (SGJL) on Friday announced that it is moving to become a private company and delist from the Jamaica Stock Exchange, noting that the transaction, if…