BRIEF: BBVA finalises Banco Bilbao sale

BRIEF: BBVA finalises Banco Bilbao sale

BBVA said it has completed the sale of its Chilean unit to The Bank of Nova Scotia.

The sell-off includes its direct and indirect shareholding stake in Banco Bilbao Vizcaya Argentaria, Chile as well as in other companies of its group in Chile which operations are complementary to the banking business.

BBVA’s stake in BBVA Chile amounts to approximately 68.19% of its share capital.