General Announcement::Transfer of Real Estate business in Spain to Cerberus

Issuer & Securities

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

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
11-Oct-2018 00:12:20
Status
New
Announcement Sub Title
Transfer of Real Estate business in Spain to Cerberus
Announcement Reference
SG181011OTHRY3YJ
Submitted By (Co./ Ind. Name)
Juan Quijano
Designation
Authorized representative
Description (Please provide a detailed description of the event in the box below)
Further to the relevant event published on November 29, 2017, BBVA informs that, as of today, after obtaining all required authorizations, BBVA has completed the transfer of its real estate business in Spain (the Business) to
Cerberus Capital Management, L.P. ( Cerberus ). Closing of the transaction has resulted in the sale of 80% of the share capital of the company Divarian Propiedad, S.A. ( Divarian ) to an entity managed by Cerberus

Attachments

20181010 HR eng.pdf
Total size =19K