UPDATE 2-Scotiabank weighing $1.7 bln sale of Thanachart stake
* Thanachart says will cooperate with Scotiabank if stake is sold
* Scotiabank's emerging market presence has hurt its stock
* Thanachart says Scotiabank's Asia strategy has changed (Adds confirmation from company, changes sourcing in lead)
By John Tilak and Khettiya Jittapong
TORONTO/BANGKOK, Dec 18 (Reuters) - Canada's Bank of Nova Scotia said on Friday it may consider strategic options for its 49 percent stake in Thanachart Bank Pcl, Thailand's No. 2 car loan provider.
Majority owner Thanachart Capital Pcl said on Friday it would cooperate with the Canadian lender if it decided to sell its stake in Thailand's sixth-largest bank, which had a carrying value of $1.7 billion on Bank of Nova Scotia's books.
Scotiabank, as it is known, was weighing the sale of the stake as it found managing an Asian retail presence cumbersome, said a source familiar with the matter who declined to be identified as the information was not public.
The bank said it has not made a final decision about the investment.
Scotiabank shares fell 1.6 percent to C$56.22. Continued...