BBVA Completes Sale of Paraguay Unit
January 25 2021 - 1:52AM
Dow Jones News
By Pietro Lombardi
Banco Bilbao Vizcaya Argentaria SA has completed the sale of its
subsidiary in Paraguay for about $250 million.
The Spanish bank said late Friday that the deal leads to a loss
of roughly nine million euros ($11 million) while adding about six
basis points to its core Tier 1 capital, which will be reported in
its first-quarter results.
The acquirer is Banco GNB Paraguay SA, an affiliate of Grupo
Gilinski.
Write to Pietro Lombardi at pietro.lombardi@wsj.com;
@pietrolombard10
(END) Dow Jones Newswires
January 25, 2021 01:37 ET (06:37 GMT)
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