BBVA Raises Stake In Citic To 15% For EUR1 Billion

Date : 12/03/2009 @ 3:37AM
Source : Dow Jones News

BBVA Raises Stake In Citic To 15% For EUR1 Billion

Banco Bilbao Arg (NYSE:BBV)
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Banco Bilbao Vizcaya Argentaria SA (BBV) said Thursday it has decided to exercise an option to raise its stake to 15% in China Citic Bank Corp (0998.HK).

In a Spanish regulatory filing, BBVA said it will pay around EUR1 billion to acquire an additional 4.93% of Citic.

-By Jonathan House, Dow Jones Newswires; +34 91 395 8120; jonathan.house@dowjones.com

 
 

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