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BBVA Argentina Acquires 50% Stake in FCA Compañía Financiera
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BBVA Argentina Acquires 50% Stake in FCA Compañía Financiera

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The latest update is out from Banco BBVA Argentina ( (BBAR) ).

Banco BBVA Argentina S.A. has accepted an offer from FIDIS S.p.A to acquire a 50% stake in FCA Compañía Financiera S.A., a financial company associated with the Stellantis automotive group. This acquisition aims to enhance BBVA Argentina’s market presence in vehicle financing, subject to regulatory approvals, with an estimated transaction price of approximately 14.823 million Argentine pesos.

More about Banco BBVA Argentina

Banco BBVA Argentina S.A. operates in the financial industry, providing banking services and products in Argentina. The bank is a key player in the Argentine market, offering a range of financial solutions to individuals and businesses.

YTD Price Performance: 319.43%

Average Trading Volume: 736,774

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $4.42B

For an in-depth examination of BBAR stock, go to TipRanks’ Stock Analysis page.

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