BBVA to Sell Paraguayan Subsidiary to Banco GNB Paraguay for $270 Million

August 12, 2019

Cleary Gottlieb is representing Banco Bilbao Vizcaya Argentaria S.A. (BBVA) in the sale of its Paraguayan subsidiary, Banco Bilbao Vizcaya Argentaria Paraguay S.A., to Banco GNB Paraguay, a subsidiary of Grupo Financiero Gilinski, for a total consideration of approximately $270 million.

Closing of the transaction is subject to standard regulatory conditions.