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The agreement provides Scotiabank with a 20% ownership stake in the newly formed holding company, Davivienda Group.

As part of the deal, Scotiabank takes board seats and a partial interest in Davivienda.

Demetria, a provider of a cloud-based platform for quality and traceability data for the coffee industry, raised a $3M seed round from Mercantil Colpatria

Citibank operations in Colombian include 500,000 customers, 47 branches, and 424 self-service access points in Colombia.