7th Sep 2007 14:41
Banco Bilbao Vizcaya Argentaria SA07 September 2007 Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), pursuant to the provisions ofarticle 82 of the Spanish Securities Market Act, proceeds by means of thepresent document to notify the following: RELEVANT EVENT Pursuant to the agreement disclosed to the markets on February 16 2007, BBVAannounces that it has completed today its acquisition of Compass BancsharesInc., a USA banking group quoted on Nasdaq and active in Alabama, Texas,Florida, Arizona, Colorado and New Mexico. BBVA and Compass have previouslyobtained all approvals and authorizations necessary to complete theacquisition. The consideration to be paid to former Compass stockholders for the acquisitionwill be approximately $9,115 million, which BBVA will pay partially in cash($4,612 million) and partially with the issuance of 196,000,000 shares, whichrepresent 5.5% of the current share capital of BBVA. This capital increase isforeseen to take place on Monday September 10, at an issuance rate of €16.77 pershare, the closing market price of the BBVA's shares at September 6, 2007, inaccordance with the resolutions adopted by the BBVA's general shareholders'meeting dated 21 June 2007. As soon as possible, once the above mentioned share capital increase iscompleted, BBVA will ask for the listing of the new issued shares. A press release related to the transaction, which will be disclosed to themedia, is attached to this letter. Madrid, September 07, 2007 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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