REG - Banco Bil.Viz.Argent - Sale of BBVA Paraguay

Banco Bilbao Vizcaya Argentaria SAAnnouncement

08/08/2019 07:00

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