12:15 PM EST - Scotiabank : announced that it has been selected as the winning bidder to purchase a 19.99% stake in the Bank of Guangzhou (BGZ) for approximately $719 million (CNY4.65 billion). The investment, which remains subject to regulatory approval, will be accretive to earnings in 2012. Scotiabank
shares T.BNS are trading down $0.87 at $51.94.
