[ad_1]
All the members of the board of directors who belonged to the Spanish group, as well as the main leaders of Bbva Chile, resigned.
The stock market was closed and the public share purchase offer for minority shareholders came to an end. Bbva Chile in connection with the acquisition of the bank by Scotiabank after Canadians spent 2.2 billion US dollars for 68.19% of the property of the controlled enterprise by the Spaniards.
With this step, the Bbva group says goodbye to Chile at least with regard to the banking business. By a press release, the entity said that it will record, in its accounts for the third quarter of 2018, a net capital gain of approximately 640 million euros and 50 basis points more in its capital ratio CET1 "full-loaded". 19659003] Once the transaction was completed, Canadians took control and the symbol of this is that Scotiabank informed that the bank's board of directors accepted the resignation of the five directors representing the group. Spanish, Ignacio Lacasta, Iñigo Echebarría and José Manuel. García, José San Blas and Juan María Arrien
In replacement were named Ignacio Deschamps, Andrés Cruells, Ernesto Viola, Claudio Hernandez and Felipe Montt.
In addition to the resignations of the council, the departure of the director general was added from Bbva to Chile, Manuel Olivares; the Director of Corporate Banking and Global Markets, Fernando Pardo; the director of the prosecutor's office, Rony Jara; Director of Human Resources Marcos Balmaceda; the director of finance, Rafael Varela; and Jordi Barja, Director of the Audit Division.
The offices of Scotiabank in the center of Santiago move to the Parque Titanium complex to take over the leadership of exbbva Chile executives from the Canadian firm: Fernando Saénz General María Victoria Doberti also joins the Finance Department ; in Human Resources will be Jacqueline Balbontín; Rafael Bilbao to the lawyer and Ricardo Fry to the audit
For its part, another group of Bbva Chile executives remains, at least for the moment. This is Paulina De Las Heras, Head of People Banking; Andrés Velasco, Director of Business Banking; Alberto Oviedo, risk manager, and Antonio Benvenuto, director of engineering, to form the executive committee of Bbva Chile until the legal integration of the two entities.
In the essential fact delivered to the Commission for the financial market, Canadians, who are about to challenge the third position of the private bank after this acquisition, indicated that their intention to merge the two entities is that 39 it is "as soon as possible according to Chilean regulations and legislation."
The document submitted to the regulatory body reaffirms that the Said group – which holds 31.62% of the badets of Bbva Chile – will appoint four directors and one of them will be the chairman of the instance.
In this line, Scotiabank confirms that the family clan will have about 25% of the merged bank's interest. However, the sources consulted indicate that the final percentage with which the Said will remain in the banking sector would not be formalized, which would materialize soon.
And with the current participation of Said in Bbva in Chile, According to Scotiabank, Scotiabank would only reach the regulator by 15% to 17%.
Recall that the shareholders' meeting of Bbva Chile will take place on Monday, when it will momentarily call "Scotiabank Azul".
Source link
