General Announcement::Acquisition Agreement 9,95% of Garanti Bank

Issuer & Securities

Issuer/ Manager
BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Securities
BANCO BILBAO US$1.5B NCCPS - XS0926832907 - 2UUB
BANCO BILBAO EUR1.5B PER SEC - XS1033661866 - 2Y9B
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
22-Feb-2017 03:20:07
Status
New
Announcement Sub Title
Acquisition Agreement 9,95% of Garanti Bank
Announcement Reference
SG170222OTHRFIOE
Submitted By (Co./ Ind. Name)
Juan Quijano
Designation
Authorized representative
Description (Please provide a detailed description of the event in the box below)
BBVA has entered today into an agreement for the acquisition from Dogus Holding A.S. and Dogus Arastirma Gelistirme ve Musavirlik Hizmetleri A.S. (together, the Sellers or Dogus ) of 41,790,000,000 shares of Turkiye Garanti Bankasi, A.S. ( Garanti Bank ) amounting to 9.95% of the total issued share capital of Garanti Bank (the Acquisition and the Shares , respectively), at a total consideration of 7.95 Turkish Liras per share1 (amounting to approximately a total of 3,322 MM Turkish Liras or 859 MM Euros2).

Attachments

20170221 HHRR Eng.pdf
Total size =52K