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BBVA Banco Continental completes acquisition of stake in consumer finance units

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BBVA Banco Continental completes acquisition of stake in consumer finance units

completedon April 6 its acquisition of a 51.68% stake in BBVA Consumer Finance EDPYME, ForumComercializadora del Peru SA and Forum Distribuidora del Peru SA, the bank saidin a securities filing the same day.

The bankpurchased all of the shares owned by Indumotora Internacional S.A. and in the threecompanies, the filing said.

BBVABanco Continental's board decided in October 2015 to make offers for all of theshares in the three companies. The shareholders of the firms waived their pre-emptiverights in November 2015, and the bank signed a share purchase agreement with thesellers the next month, the filing said.

Peruvianbanking regulator SBS authorizedthe deal March 7.