20 Dec 2018 07:00
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Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), in compliance with the Securities Market legislation, hereby communicates the following
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INSIDE INFORMATION
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BBVA has decided to initiate a strategic review of alternatives for its automobile financing business in Chile mainly carried out by the company Forum Servicios Financieros, S.A. ("Forum"). Despite Forum being a highly attractive business, BBVA´s sale of its banking business in Chile, advises the initiation of this review process.
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The alternatives contemplated in this process include the partial or total sale of Forum. The outcome of this review does not necessarily imply the sale of the business.
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The process is expected to last for several quarters.
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BBVA maintains its strategic commitment for the Latin American market and shall continue to invest in the region, which remains a priority for the growth of BBVA´s business.
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Madrid, December 19, 2018
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