September 9, 2011
BBVA has bought a 24.5% stake in Chilean vehicle lender Forum Servicios Fin
BBVA has bought a 24.5% stake in Chilean vehicle lender Forum Servicios Financieros from conglomerate Inversiones Juan Yarur. The purchase brings its position in Forum to 75.5%, and boosts the bank’s local operations. Yarur exits Forum completely in the deal. BBVA says Forum has about half of the Chilean market for vehicle financing, with $860m-equivalent lent in 2010.