Bank of Nova Scotia Buys Record Stake in Royal Bank Of Canada
Bank of Nova Scotia purchased 12,311,637 shares of Royal Bank Of Canada in the second quarter, valued at approximately $2.55 billion.
This purchase represents about 3.8% of Bank of Nova Scotia's investment portfolio and makes Royal Bank Of Canada its fourth-largest holding.
The Canadian bank now owns around 0.89% of Royal Bank Of Canada's outstanding shares, which is a significant increase in its stake.