trending Market Intelligence /marketintelligence/en/news-insights/trending/HxSPLvavHOxVEccwUQDH7w2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

BBVA Banco Continental completes acquisition of stake in consumer finance units

Blog

What’s on the Horizon for the Cruise, Hotel & Resorts Sector?

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcasts

StreetTalk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

Street Talk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally


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.