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BBVA Banco Francés completes purchase of majority stake in Volkswagen Credit

hascompleted its purchase of a 51% stake in Volkswagen Credit Compañía Financiera SA, the companysaid Sept. 26.

Underthe terms of the deal, which was announced in May 2015, BBVA Francés purchased 23.97million common shares in Volkswagen Credit for 53.04 million Argentine pesos.

approved the deal in August.

As of Sept. 23, US$1 wasequivalent to 15.15 Argentine pesos.