Banco Bilbao Vizcaya Argentaria SA announces acquisition of Catalunya Banc, S.A.
Banco Bilbao Vizcaya Argentaria SA:Says that the Management Commission of the Banking Reestructuring Fund has accepted company's bid in the competitive auction for the acquisition of Catalunya Banc, S.A.Says as a consequence, the company has executed a sale and purchase agreement with FROB, by virtue of which FROB will sell up to 100 pct. of the shares of Catalunya Banc to the company for the price of up to 1,187 million euros.
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