09:52 AM EST - Bank of Nova Scotia : which owns 49% of Thanachart Bank, said Thanachart Bank had confirmed that it has reached an agreement to acquire almost 48% of Thailand's Siam City Bank, subject to regulatory approvals in Thailand. The stake in Siam City Bank is now owned by Thailand's Central Bank through the Financial Institutions Development Fund or FIDF. Scotiabank said it would continue to own 49% of the merged bank, to be known as Thanachart Bank with Thanachart Capital Pcl owning almost all of the remaining 51%. Bank of Nova Scotia
shares T.BNS are trading down $0.36 at $48.76.
