13th Jun 2006 07:00
Banco Bilbao Vizcaya Argentaria SA12 June 2006 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 As was disclosed today in two previously published "relevant events", BBVA hasreached two agreements for the acquisition of two USA banking groups quoted onthe Nasdaq: Texas Regional Bancshares Inc. and State National Bancshares Inc. BBVA shall finance these acquisitions with internal resources, among which thefunds raised through the sale of its stake in Banca Nazionale del Lavoro,disclosed to the market through the relevant event of May 12, 2006, and theproceeds from the sale of its 5.04% stake in Repsol YPF. This sale will be madethrough the closing and settlement of hedging equity swaps previouslycontracted; therefore it is not foreseeable that their execution will have arelevant impact on the market. This transaction will represent for BBVA grosscapital gains of €523 million. With the latter divestment BBVA will cease tohave a stable stake in Repsol YPF, in which board it ceased to participate as ofJune 2, 2005, in order to comply with the resolution of the National EnergyCommission of April 28, 2005. Tomorrow, at 9.30 a.m. (Madrid time) the transactions shall be presented toanalysts and investors. There will be a live webcast of the presentation whichmay be accessed from BBVA's corporate site (www.bbva.com) and which will beavailable for replay at BBVA's corporate web during at least the followingmonth. Madrid, June 12, 2006 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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