Banco Santander, S.A. (BME:SAN) entered into an agreement to acquire CrediScotia Financiera S.A. from Scotiabank Perú S.A.A. (BVL:SCOTIAC1) on May 6, 2024. The materialization of the Transaction is subject to compliance with certain conditions, among them, obtaining authorization from the Superintendency of Banking, Insurance and Private Pension Fund Administrators, Indecopi and the Bank. European Central for the acquisition of Crediscotia shares by Banco Santander, SA.

Scotiabank Perú SAA acted as a financial advisor to the seller.