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Pin to quick picksBbva Ord Regulatory News (BVA)

Bbva Ord Information

Share Price Information for Bbva Ord (BVA)

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Share Price: 9.75
Bid: 9.76
Ask: 10.22
Change: -0.01 (-0.10%)
Spread: 0.46 (4.713%)
Open: 9.76
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Low: 9.75
Prev. Close: 9.76
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Estrategy automobile financing business in Chile

20 Dec 2018 07:00

RNS Number : 0472L
Banco Bilbao Vizcaya Argentaria SA
19 December 2018
 

 

 

 

 

 

 

 

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), in compliance with the Securities Market legislation, hereby communicates the following

 

 

 

INSIDE INFORMATION

 

 

 

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.

 

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.

 

The process is expected to last for several quarters.

 

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.

 

 

 

 

Madrid, December 19, 2018

 

 

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
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