Source: LivinginPeru.com.
Original article available online.
LIMA, October 6 – Banco de Crédito (BCP), the biggest bank in Peru, reached an agreement with International Financial Corporation (CFI) to purchase the 5.4% stake that the latter owns in Peruvian finance company Financiera Edyficar, for US$5.19mn,
BCP announced in September that they were to acquire a 77.2% stake in Edyficar from NGO CARE, and no they will buy an additional 8.5% stake in the finance company from US-based Microvest.
BCP will pay for with its own funds, and will take control on 91.1% of Edyficar’s total stock after the transaction.
Edyficar (which has 195,000 clients) will continue to operate independently, focusing on low-income earners.
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