BBVA Confirms Talks with Bank of Nova Scotia to Sell BBVA Chile
August 31 2017 - 4:57AM
Dow Jones News
By Pietro Lombardi
Spain's Banco Bilbao Vizcaya Argentaria SA (BBVA) confirmed on
Thursday that it is negotiating with Canada's Bank of Nova Scotia
(BNS.T) to sell its BBVA Chile (BBVACL.SN) unit.
Responding to news reported in Chilean media, BBVA confirmed
that the Canadian bank, also called Scotiabank, had made an
approach expressing interest in acquiring 100% of the share capital
of BBVA Chile.
"Scotiabank has requested to review nonpublic documentation and
information from BBVA Chile and interview managers of the company
in order to analyze the transaction," BBVA said in a statement.
The board of BBVA Chile agreed to the request. BBVA added that
it was unable to say whether the negotiations would lead to a
deal.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
August 31, 2017 04:42 ET (08:42 GMT)
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