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BRIEF-BBVA completes sale of 1.7 pct stake in CNCB for 554 mln euros
February 16, 2017 / 11:24 AM / 8 months ago

BRIEF-BBVA completes sale of 1.7 pct stake in CNCB for 554 mln euros

Feb 16 (Reuters) - Banco Bilbao Vizcaya Argentaria SA :

* Completes sale of almost all of its stake in Chinese bank CNCB for 554 million euros ($588.9 million)

* Sold 1.7 percent of CNCB on the market, generating net capital gain of about 177 million euros

* CNCB stake sale increases BBVA’s highest quality capital ratio (CET1) by around 4 basis points

Source text: bbva.info/2kBbXup

Further company coverage: ($1 = 0.9407 euros) (Gdynia Newsroom)

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