Takeover of Scotiabank likely to be raised in caucus at special CARICOM meeting


Republic Bank’s planned acquisition of Scotiabank’s operations in Guyana and eight Caribbean countries is not on the agenda of the upcoming special meeting of the Caribbean Community Heads of Government on the CARICOM Single Market and Economy (CSME) but Foreign Affairs Minister Carl Greenidge expects that it will be raised in caucus.

“I believe it will be discussed as far as I can see. I am pretty sure the heads will find an opportunity to discuss its implications for the region,” he said.

Greenidge, who will head Guyana’s delegation to the two-day meeting which opens in Port of Spain, Trinidad and Tobago on Monday, told Stabroek News yesterday that the announcement of the intended acquisition would not have been on the agreed agenda as it would have only been a fairly recent issue…..

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