Sale in PANAMA

RNS Number : 0476W

Banco Bilbao Vizcaya Argentaria SA

19 December 2013

 

Banco Bilbao Vizcaya Argentaria, S.A. ("BBVA"), in compliance with the Securities Market legislation, hereby communicates the following:

RELEVANT INFORMATION

Further to the relevant information disclosed by BBVA to the markets on July 20, 2013, and once the necessary authorisations have been obtained, BBVA announces that is has completed the sale of the entirety of its approximately 98.92% direct and indirect interest in Banco Bilbao Vizcaya Argentaria (Panamá), S.A. ("BBVA Panamá") to Leasing Bogotá, S.A., Panamá, a subsidiary of Grupo Aval Acciones y Valores, S.A.

The total amount in cash received by BBVA in connection with the sale of the mentioned interest amounts to, approximately, 645 million U.S. dollars ("USD"), of which, approximately 505 million USD have been received as purchase price and approximately 140 million USD have been received as dividends distributed by BBVA Panamá since June 1, 2013.

Madrid, December 19, 2013

 

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