Peru’s BCP Strikes Deal with Colombian Brokerage

Peru’s BCP Strikes Deal with Colombian Brokerage

Colombia Peru M&A

Banco de Credito del Peru has agreed to pay $76m for a 51% stake in Colombian brokerage Correval. Under the deal, Correval was estimated to have an enterprise value of $150m, Correval spokesman Mario Alejandro Nieto tells LatinFinance. Nieto says that Correval which was advised by JP Morgan, conducted a year-long negotiation process that finally reached fruition this week. Nieto could not offer any details on the valuation or whether the transaction was paid for fully in cash. BCP officials coul

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial