Scotiabank Lands Minority Stake In KeyCorp In $2.8B Deal

By Jade Martinez-Pogue

Scotiabank, advised by Cravath Swaine & Moore LLP, has agreed to invest roughly $2.8 billion in Sullivan & Cromwell LLP-led KeyCorp in order to take a minority ownership stake in the financial services company, the two companies announced in separate Monday statements.

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