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        <title>Divestments - NEWS BBVA</title>
        <atom:link href="https://www.bbva.com/en/economy-and-finance/corporate-information/divestments/feed/" rel="self" type="application/rss+xml" />
        <link>https://www.bbva.com/en/</link>
        <description>NEWS BBVA</description>
        <lastBuildDate>Sat, 13 Dec 2025 13:31:47 +0100</lastBuildDate>
        <language>en-US</language>
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                                <item>
                    <title>BBVA sells U.S. subsidiary to PNC for $11.6 billion</title>
                    <link>https://www.bbva.com/en/bbva-sells-u-s-subsidiary-to-pnc-for-11-6-billion/</link>
                    <pubDate>Mon, 16 Nov 2020 06:15:28 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[miriam.gidron]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Corporate information]]>
                            </category>
                                                    <category>
                                <![CDATA[Divestments]]>
                            </category>
                                                    <category>
                                <![CDATA[Press release]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/?p=803624</guid>
                                            <description>
                            <![CDATA[BBVA has agreed to sell to <a href="https://www.pnc.com/en/about-pnc/company-profile/corporate-overview.html?lnksrc=topnav">PNC</a> its subsidiary in the U.S. for $11.6 billion (€9.7 billion¹) in cash, an amount that represents 19.7 times the unit’s 2019 earnings², and that is almost 50% of BBVA’s current market capitalization, creating significant value for shareholders. The transaction will have a positive impact on BBVA’s fully loaded CET1 ratio of c.300 basis points, or €8.5 billion of CET1 generation.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[BBVA has agreed to sell to <a href="https://www.pnc.com/en/about-pnc/company-profile/corporate-overview.html?lnksrc=topnav">PNC</a> its subsidiary in the U.S. for $11.6 billion (€9.7 billion¹) in cash, an amount that represents 19.7 times the unit’s 2019 earnings², and that is almost 50% of BBVA’s current market capitalization, creating significant value for shareholders. The transaction will have a positive impact on BBVA’s fully loaded CET1 ratio of c.300 basis points, or €8.5 billion of CET1 generation.]]>
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                                <item>
                    <title>BBVA to sell its Testa stake for €478 million</title>
                    <link>https://www.bbva.com/en/bbva-to-sell-its-testa-stake-for-e478-million/</link>
                    <pubDate>Mon, 17 Sep 2018 09:50:31 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[Blanca González del Fresno]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Construction and property]]>
                            </category>
                                                    <category>
                                <![CDATA[Divestments]]>
                            </category>
                                                    <category>
                                <![CDATA[Housing]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/?p=577067</guid>
                                            <description>
                            <![CDATA[BBVA continues making headway in its strategy to cut down its real estate exposure. BBVA has reached an agreement to sell its 25.24 percent stake in Testa to Blackstone for a total of €478 million.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[BBVA continues making headway in its strategy to cut down its real estate exposure. BBVA has reached an agreement to sell its 25.24 percent stake in Testa to Blackstone for a total of €478 million.]]>
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                                <item>
                    <title>BBVA closes the sale of its Chilean franchise</title>
                    <link>https://www.bbva.com/en/bbva-closes-sale-chilean-franchise/</link>
                    <pubDate>Fri, 06 Jul 2018 20:31:50 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[Blanca González del Fresno]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Divestments]]>
                            </category>
                                                    <category>
                                <![CDATA[Mergers and acquisitions]]>
                            </category>
                                                    <category>
                                <![CDATA[Press release]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/?p=533876</guid>
                                            <description>
                            <![CDATA[After obtaining the pertinent regulatory authorizations, BBVA Group has closed the sale of its 68.19% stake in BBVA Chile and other companies in the country to Scotiabank, for a total of about $2.2 billion. The transaction will yield capital gains of about €640 million and will have a positive impact on BBVA’s fully-loaded CET 1 capital ratio of about 50 basis points.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[After obtaining the pertinent regulatory authorizations, BBVA Group has closed the sale of its 68.19% stake in BBVA Chile and other companies in the country to Scotiabank, for a total of about $2.2 billion. The transaction will yield capital gains of about €640 million and will have a positive impact on BBVA’s fully-loaded CET 1 capital ratio of about 50 basis points.]]>
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                                <item>
                    <title>Metrovacesa IPO: BBVA sells 27% of its stake</title>
                    <link>https://www.bbva.com/en/metrovacesa-ipo-bbva-sells-27-its-stake/</link>
                    <pubDate>Fri, 02 Feb 2018 17:19:38 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[No utilizar]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Divestments]]>
                            </category>
                                                    <category>
                                <![CDATA[Share Offer]]>
                            </category>
                                                    <category>
                                <![CDATA[Stock exchange]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/?p=409455</guid>
                                            <description>
                            <![CDATA[Metrovacesa will make its debut on the Spanish stock exchanges on February 6, with a price of €16.5 per share. As part of the IPO process, the majority shareholders – Santander and BBVA – have sold 25.8% of Metrovacesa’s capital. BBVA placed a total of 11,619,724 shares, which represent 26.9% of its stake in the property company (7.7% of the share capital). The transaction is part of BBVA’s strategy of divestment in real estate holdings.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[Metrovacesa will make its debut on the Spanish stock exchanges on February 6, with a price of €16.5 per share. As part of the IPO process, the majority shareholders – Santander and BBVA – have sold 25.8% of Metrovacesa’s capital. BBVA placed a total of 11,619,724 shares, which represent 26.9% of its stake in the property company (7.7% of the share capital). The transaction is part of BBVA’s strategy of divestment in real estate holdings.]]>
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                                <item>
                    <title>BBVA reduces its real estate exposure almost entirely through a JV with Cerberus</title>
                    <link>https://www.bbva.com/en/bbva-reduces-almost-entirely-its-real-estate-exposure-jv-cerberus/</link>
                    <pubDate>Wed, 29 Nov 2017 06:55:12 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[No utilizar]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Carlos Torres Vila]]>
                            </category>
                                                    <category>
                                <![CDATA[Communication]]>
                            </category>
                                                    <category>
                                <![CDATA[Construction and property]]>
                            </category>
                                                    <category>
                                <![CDATA[Corporate information]]>
                            </category>
                                                    <category>
                                <![CDATA[Divestments]]>
                            </category>
                                                    <category>
                                <![CDATA[Economy]]>
                            </category>
                                                    <category>
                                <![CDATA[Mergers and acquisitions]]>
                            </category>
                                                    <category>
                                <![CDATA[Press release]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/?p=366070</guid>
                                            <description>
                            <![CDATA[BBVA today <a href="https://www.cnmv.es/portal/HR/verDoc.axd?t={3fa1b5f7-49b4-48d4-aa34-3adbf371b5e0}" target="_blank" rel="noopener noreferrer">announced an agreement with a subsidiary of Cerberus Capital Management, L.P. (Cerberus) </a>to create a joint venture (JV) for its real estate business in Spain, reducing almost entirely its exposure to non core real estate assets. On the closing of the operation, BBVA will sell an 80% stake in the JV to Cerberus for about €4 billion. The transaction marks a milestone in BBVA Group’s strategy.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[BBVA today <a href="https://www.cnmv.es/portal/HR/verDoc.axd?t={3fa1b5f7-49b4-48d4-aa34-3adbf371b5e0}" target="_blank" rel="noopener noreferrer">announced an agreement with a subsidiary of Cerberus Capital Management, L.P. (Cerberus) </a>to create a joint venture (JV) for its real estate business in Spain, reducing almost entirely its exposure to non core real estate assets. On the closing of the operation, BBVA will sell an 80% stake in the JV to Cerberus for about €4 billion. The transaction marks a milestone in BBVA Group’s strategy.]]>
                        </content:encoded>
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                                <item>
                    <title>BBVA receives $2.2 billion binding offer for stake in BBVA Chile</title>
                    <link>https://www.bbva.com/en/bbva-receives-2-2-billion-binding-offer-stake-bbva-chile/</link>
                    <pubDate>Tue, 28 Nov 2017 06:20:37 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[Blanca González del Fresno]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Carlos Torres Vila]]>
                            </category>
                                                    <category>
                                <![CDATA[Corporate information]]>
                            </category>
                                                    <category>
                                <![CDATA[Divestments]]>
                            </category>
                                                    <category>
                                <![CDATA[Mergers and acquisitions]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/?p=364768</guid>
                                            <description>
                            <![CDATA[BBVA received a binding offer from The Bank of Nova Scotia (Scotiabank) for its 68.19% stake in BBVA Chile and other related businesses such as the life insurance arm for about $2.2 billion (1.85 billion euros)¹. The offer does not include the automobile financing activity of Grupo Forum, that will continue to be 100% owned by BBVA.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[BBVA received a binding offer from The Bank of Nova Scotia (Scotiabank) for its 68.19% stake in BBVA Chile and other related businesses such as the life insurance arm for about $2.2 billion (1.85 billion euros)¹. The offer does not include the automobile financing activity of Grupo Forum, that will continue to be 100% owned by BBVA.]]>
                        </content:encoded>
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                                <item>
                    <title>BBVA sells one of the largest loan portfolios in Spain</title>
                    <link>https://www.bbva.com/en/bbva-sells-one-largest-loan-portfolios-spain/</link>
                    <pubDate>Mon, 31 Jul 2017 15:43:41 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[Blanca González del Fresno]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Buildings]]>
                            </category>
                                                    <category>
                                <![CDATA[Construction and property]]>
                            </category>
                                                    <category>
                                <![CDATA[Divestments]]>
                            </category>
                                                    <category>
                                <![CDATA[Investments]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/en/?p=339617</guid>
                                            <description>
                            <![CDATA[BBVA has sold one of the largest loan portfolios in the Spanish market to an affiliate of Cerberus Capital Management, L.P. The portfolio, which has a gross nominal value of nearly 600 million euros, consists of loans from real estate developments distributed throughout Spain, with the largest number in Andalusia, Madrid and Catalonia.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[BBVA has sold one of the largest loan portfolios in the Spanish market to an affiliate of Cerberus Capital Management, L.P. The portfolio, which has a gross nominal value of nearly 600 million euros, consists of loans from real estate developments distributed throughout Spain, with the largest number in Andalusia, Madrid and Catalonia.]]>
                        </content:encoded>
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                                <item>
                    <title>BBVA moves ahead with its real-estate strategy with the transfer of its land holdings to Metrovacesa</title>
                    <link>https://www.bbva.com/en/bbva-moves-ahead-real-estate-strategy-transfer-land-holdings-metrovacesa/</link>
                    <pubDate>Wed, 12 Jul 2017 08:31:59 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[miriam.gidron]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Balance sheet]]>
                            </category>
                                                    <category>
                                <![CDATA[Construction and property]]>
                            </category>
                                                    <category>
                                <![CDATA[Construction and town planning]]>
                            </category>
                                                    <category>
                                <![CDATA[Corporate information]]>
                            </category>
                                                    <category>
                                <![CDATA[Divestments]]>
                            </category>
                                                    <category>
                                <![CDATA[Home buying]]>
                            </category>
                                                    <category>
                                <![CDATA[Home rental]]>
                            </category>
                                                    <category>
                                <![CDATA[Home sales]]>
                            </category>
                                                    <category>
                                <![CDATA[Housing]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/en/?p=337445</guid>
                                            <description>
                            <![CDATA[The agreement reached with <a href="http://www.mvcsyp.es/">Metrovacesa Suelo y Promoción</a> (hereinafter Metrovacesa S.A), in which BBVA holds a stake, represents a significant step forward in the bank’s real estate strategy.  BBVA participated in a non-monetary capital increase, together with the other shareholders, through which the bank will transfer high-potential land holdings intended for housing developments valued at €431 million.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[The agreement reached with <a href="http://www.mvcsyp.es/">Metrovacesa Suelo y Promoción</a> (hereinafter Metrovacesa S.A), in which BBVA holds a stake, represents a significant step forward in the bank’s real estate strategy.  BBVA participated in a non-monetary capital increase, together with the other shareholders, through which the bank will transfer high-potential land holdings intended for housing developments valued at €431 million.]]>
                        </content:encoded>
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                                <item>
                    <title>What exactly does a bank’s Treasury do?</title>
                    <link>https://www.bbva.com/en/economy-and-finance/exactly-banks-treasury/</link>
                    <pubDate>Fri, 10 Feb 2017 05:30:01 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[elisabet.furioc]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Divestments]]>
                            </category>
                                                    <category>
                                <![CDATA[Global markets]]>
                            </category>
                                                    <category>
                                <![CDATA[Investment bank]]>
                            </category>
                                                    <category>
                                <![CDATA[Investments]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/en/?p=319488</guid>
                                            <description>
                            <![CDATA[A bank’s markets division, also known as its Treasury, is part of its wholesale banking business. It is a highly specialized area that seeks to meet institutional and corporate customers’ investment and risk coverage needs. The retail banking area serves individual customers and also receives support from the markets area to design and manage products and manage the associated risks.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[A bank’s markets division, also known as its Treasury, is part of its wholesale banking business. It is a highly specialized area that seeks to meet institutional and corporate customers’ investment and risk coverage needs. The retail banking area serves individual customers and also receives support from the markets area to design and manage products and manage the associated risks.]]>
                        </content:encoded>
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                                <item>
                    <title>Carlos Torres Vila: "We have already reached 11%, which was our target for 2017"</title>
                    <link>https://www.bbva.com/en/carlos-torres-vila-already-reached-11-target-2017/</link>
                    <pubDate>Thu, 27 Oct 2016 05:36:43 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[Blanca González del Fresno]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Banking]]>
                            </category>
                                                    <category>
                                <![CDATA[Capital ratio]]>
                            </category>
                                                    <category>
                                <![CDATA[Carlos Torres Vila]]>
                            </category>
                                                    <category>
                                <![CDATA[Corporate information]]>
                            </category>
                                                    <category>
                                <![CDATA[Corporate reputation]]>
                            </category>
                                                    <category>
                                <![CDATA[Divestments]]>
                            </category>
                                                    <category>
                                <![CDATA[Dividends]]>
                            </category>
                                                    <category>
                                <![CDATA[Earnings]]>
                            </category>
                                                    <category>
                                <![CDATA[Economic analysis]]>
                            </category>
                                                    <category>
                                <![CDATA[Economic sectors]]>
                            </category>
                                                    <category>
                                <![CDATA[Financial markets and monetary economics]]>
                            </category>
                                                    <category>
                                <![CDATA[Financial system]]>
                            </category>
                                                    <category>
                                <![CDATA[Francisco González Rodríguez]]>
                            </category>
                                                    <category>
                                <![CDATA[Shareholder financial products]]>
                            </category>
                                                    <category>
                                <![CDATA[Shareholders]]>
                            </category>
                                                    <category>
                                <![CDATA[Shareholders remuneration]]>
                            </category>
                                                    <category>
                                <![CDATA[Shareholders' meeting]]>
                            </category>
                                                    <category>
                                <![CDATA[Trading account]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/en/?p=311110</guid>
                                            <description>
                            <![CDATA[Following the publication of the third quarter results, BBVA CEO Carlos Torres Vila said today that the Group hit an important milestone in capital generation: a CET1 fully-loaded capital ratio of 11%, a goal originally set for 2017. “We have had solid growth in recurring revenues, cost control and stability in risk indicators,” he indicated prior to the press conference with Spanish media.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[Following the publication of the third quarter results, BBVA CEO Carlos Torres Vila said today that the Group hit an important milestone in capital generation: a CET1 fully-loaded capital ratio of 11%, a goal originally set for 2017. “We have had solid growth in recurring revenues, cost control and stability in risk indicators,” he indicated prior to the press conference with Spanish media.]]>
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