Proposed voluntary tender offer process by BBVA
Proposed voluntary tender offer process by BBVA
Banco Bilbao Vizcaya Argentaria, S.A. (“BBVA”), in accordance with the provisions of the Securities Market legislation, hereby communicates the following:
INSIDE INFORMATION
The Board of Directors of BBVA decided to launch a voluntary takeover bid for the entire share capital of Türkiye Garanti Bankası A.Ş. (“Garanti” or the “Company”) not already owned by BBVA.
The main characteristics of the voluntary takeover bid (the “Voluntary Takeover Bid”) are described below. The detailed terms and characteristics of the Voluntary Takeover Bid will be contained in an information memorandum to be submitted by BBVA for approval to the Capital Markets Board of Turkey (the “CMB”). The information memorandum will be published once such aforementioned approval is obtained.