BBVA kickstarts Forum sale

BBVA kickstarts Forum sale

M&A Corporate & Sovereign Strategy Chile Europe

Spanish bank BBVA stands to earn $500m from the sale of Forum, its car financing business in Chile, LatinFinance has heard. "This will be a pretty big transaction," said an M&A banker in Santiago. Forum is one of the largest car lenders in Chile with earnings above $50m per year, he added. Companies are going for roughly 10x earnings in Chile's M&A market, which means the Forum sale could be worth roughly $500m, the banker said. JPMorgan is in charge of selling the company, the only asse

Already have an account?

Free trial

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

Free Trial