June 28, 2012 / 11:08 AM / 7 years ago

Oriental Financial to buy BBVA's Puerto Rican ops

June 28 (Reuters) - Oriental Financial Group said it would buy Spain’s Banco Bilbao Vizcaya Argentaria’s Puerto Rican operations for $500 million in cash.

Oriental said it has raised $84 million in capital to support the transaction, which it expects to add to earnings. (Reporting by Jochelle Mendonca in Bangalore; Editing by Anil D’Silva)

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