Banking & Savings M&A » By The Online Investor Staff, updated Thu., Apr. 18, 1:25 PM
Recent mergers and acquisitions in the Banking & Savings M&A category.
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Slide #77. EDYFICAR, a subsidiary of the Credicorp Group — Mibanco
Acquirer:
EDYFICAR, a subsidiary of the Credicorp Group (NYSE:BAP)
Acquiree:
Mibanco
Details:
Credicorp Ltd. announces to its shareholders and the market that its indirectly held subsidiary Edyficar has reached an agreement with Grupo ACP Corp ("ACP") to buy the shares they hold in Mibanco, the country's largest micro-lending operation, which represent 60.68% of total shares.
CrediCorp is a financial services holding company. Through its subsidiaries, Co. operates primarily through its lines of business, including: Universal Banking, which includes the operations related to the granting of various credits and financial instruments to individuals and legal entities; Microfinance, which includes the management of loans, credits, deposits and current accounts of the small and microenterprises; and Investment Banking and Wealth Management, which includes brokerage service and investment management services provided to clientele that includes corporations, institutional investors, governments and foundations.
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Avg. Broker Rec.
 
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Strong Buy (3.67 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
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