Business News • MarketWire • Credicorp Prepares to Continue Investing in Peru |
Credicorp Prepares to Continue Investing in Peru |
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Credicorp Prepares to Continue Investing in Peru
LIMA, PERU--(Marketwire - November 9, 2010) - Credicorp (NYSE: BAP): In order to facilitate Credicorp's future investments in Perú without modifying the controlling structure of Banco de Crédito del Perú (BCP), Credicorp's Board of Directors has approved to transfer 84.9% of BCP's total shares to Grupo Crédito S.A. (its Peruvian wholly owned subsidiary) through a capital contribution. This transaction has been authorized by the Superintendence of Banking, Insurance and Private Pension Fund Administrators of Peru and will be executed in the coming days.
View More : http://www.marketwire.com/mw/release.do?id=1350479&sourceType=3
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