MEDIUMVulnerability
Global
BBVA acquires SocGen's 50% stake in brokerage joint venture Altura Markets
·Source: Finextra
Updated:
Executive Summary
BBVA has reached an agreement with Société Générale (SG) to integrate Altura Markets into the BBVA Group by acquiring the 50 percent stake currently owned by the French bank, becoming the company's sole shareholder. The transaction is subject to the relevant regulatory approvals.
Analysis
BBVA has reached an agreement with Société Générale (SG) to integrate Altura Markets into the BBVA Group by acquiring the 50 percent stake currently owned by the French bank, becoming the company's sole shareholder. The transaction is subject to the relevant regulatory approvals.