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Banco Latinoamericano de Comercio Exterior SA Reaches Agreement To Divest Asset Management Unit


Tuesday, 5 Feb 2013 06:07pm EST 

Banco Latinoamericano de Comercio Exterior SA announced that the Bank reached a substantial agreement on the terms of sale for Bladex's Asset Management Unit (the Unit), and is in the process of completing final documentation. The agreement contemplates the sale of the Unit to current executives of Bladex Asset Management, together with a third party investor. The transaction is expected to be completed by March 31, 2013. Financial terms were not disclosed. 

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