Credicorp Ltd. : Credicorp Capital Ltd. has concluded the acquisition of the remaining stake in Credicorp Capital Colombia and Credicorp Capital Chile
Lima, PERU, September 30th, 2016- Credicorp Ltd. announces today that, our subsidiary Credicorp Capital Ltd. (CCL) has concluded the acquisition of the remaining stake in Credicorp Capital Colombia and Credicorp Capital Chile.
As a result of these acquisitions, CCL is now the owner of 100% of Credicorp Capital Colombia and 100% of Credicorp Capital Chile.
Therefore, Credicorp Ltd. has completed the acquisition process of the companies mentioned above, as part of its strategy to create a regional investment banking platform in the Mercado Integrado Latinoamericano (MILA) that will offer an enhanced value proposition to clients that aim to expand their business regionally.
It is worth mentioning that, during this acquisition process and after the approval of its Board of Directors, Credicorp Ltd. made several capital contributions ascending to the amount of US$ 120,146,350.00 to CCL, which in addition to other resources, allowed its subsidiary to proceed with the aforementioned acquisitions.
Credicorp Ltd. (NYSE: BAP) is the leading financial holding in Peru. It is composed of Banco de Credito del Peru (BCP), Atlantic Security Holding Corporation (ASHC), Grupo Pacifico Seguros, Prima AFP, and Credicorp Capital, which are among Peru's top-rated brands. Credicorp is mainly involved in banking (commercial & investment banking and retail banking, including SME and micro-lending), insurance (including property and casualty, life and health insurance), pension funds (private pension fund management services) and brokerage services (including trust, custody and securitization services, asset management and proprietary trading and investment).
For further information please contact the IR team: IRCredicorp@bcp.com.pe