Banco Bilbao Vizcaya Argentaria SA Sale of BBVA Paraguay (3246I)
08 Agosto 2019 - 1:00AM
UK Regulatory
TIDMBVA
RNS Number : 3246I
Banco Bilbao Vizcaya Argentaria SA
08 August 2019
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), in compliance with
the Securities Market legislation, hereby communicates the
following
INSIDE INFORMATION
BBVA has reached an agreement with Banco GNB Paraguay, S.A., an
affiliate of Grupo Financiero Gilinski, for the sale of the entire
stake that BBVA holds directly and indirectly in Banco Bilbao
Vizcaya Argentaria Paraguay, S.A. ("BBVA Paraguay"). The aggregate
direct and indirect stake of BBVA in BBVA Paraguay represents 100%
of its share capital.
The consideration for the acquisition of BBVA Paraguay's shares
amounts to approximately USD 270 million. The abovementioned
consideration is subject to regular adjustments for these kind of
transactions between the signing and closing dates of the
transaction.
It is expected that the transaction would result in a capital
gain net of taxes of approximately EUR 20 million and in a positive
impact on BBVA Group's Common Equity Tier 1 (fully loaded) of
approximately 5 basis points.
The closing of the transaction is conditioned upon obtaining all
required authorizations by the competent regulatory authorities. It
is expected that the closing of the transaction would take place in
the last quarter of 2019.
Madrid, 7 August 2019
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
MSCUBAARKWAWRUR
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