BBVA Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), de conformidad con lo establecido en la legislación del Mercado de Valores, comunica el siguiente:
HECHO RELEVANTE
BBVA has today signed an agreement to sell its participation of 29.68% in Citic International Financial Holdings Limited (CIFH), to China CITIC Bank Corporation Limited (CNCB). CIFH is a non listed subsidiary of CNCB domiciled in Hong Kong. CNCB will thereafter hold a 100% interest in CIFH. The selling price is 8,162 million HK$, equivalent to approximately 845 million euros1. The closing of such agreement is subject to the relevant regulatory approvals.
The estimated impact on the consolidated financial statements of the BBVA Group will be a negative impact on the P&L of approximately 25 million euros. The sale will generate a positive impact on the Common Equity Tier 1 fully loaded ratio of approximately 20 bp2, equivalent to a capital generation of more than 700 million euros.
Madrid, December 23, 2014
1 This amount has been calculated using the Exchange rate: EUR/HK$= 9.657, which is the closing exchange rate as of December 12, 2014.
2 Impacts on results and Common Equity Tier 1 are calculated based on September 2014 results.
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