Posts Tagged ‘Chile’

Scotiabank formalizes agreement with BBVA to acquire its shares in BBVA Chile

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TORONTO and NEW YORK, Dec. 5, 2017 /PRNewswire-HISPANIC PR WIRE/ — Scotiabank announced today that Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) has formally accepted Scotiabank’s offer to acquire its 68.19% ownership in BBVA Chile, and its interests in certain subsidiaries, for approximately US$ 2.2 billion (CAD$ 2.9 billion). Scotiabank has entered into definitive agreements with BBVA and intends to merge BBVA Chile with its existing operations in Chile (Scotiabank Chile), subject to regulatory approvals.

The Said family, which owns 31.62% of BBVA Chile, has waived its Right of First Refusal to acquire BBVA’s shares of BBVA Chile, but maintains the right to tender all or a portion of its shares in the mandatory tender offer to be carried out by Scotiabank. The Said family has indicated their willingness to potentially remain in the business and, if so, would invest up to approximately US$ 500 million (CAD$ 650 million) in order to own up to 25% of the combined business when Scotiabank Chile and BBVA Chile are merged. In this scenario, and if the transaction is completed, Scotiabank’s Common Equity Tier 1 capital ratio will be impacted by approximately 90 basis points.  Scotiabank’s Common Equity Tier 1 capital ratio would be impacted by approximately 135 basis points, if the transaction is completed and the Said family tenders all of its shares to Scotiabank.

This transaction is in line with Scotiabank’s strategy to increase scale within the Chilean banking sector and the Pacific Alliance countries. It will double Scotiabank’s market share in Chile to approximately 14%, and make Scotiabank the 3rd largest private sector bank in the country.

“We are pleased to have reached an agreement with BBVA to acquire their shares of BBVA Chile.  We look forward to a partnership with the Said family and to build a better bank in Chile,” said Brian Porter, President and CEO at Scotiabank.  “BBVA Chile has a proven track record of providing leading financial products and services to customers across the country and this transaction demonstrates excellent synergy between both banks with customer-centric cultures.”

“This acquisition allows us to create a leading bank in Chile underpinned by a solid risk culture and provides opportunities to accelerate our digital transformation, while building a high performance team,” said Ignacio (Nacho) Deschamps, Group Head, International Banking and Digital Transformation at Scotiabank.

Conference call

A conference call will take place on December 5, 2017, at 8:30 a.m. ET. Interested parties are invited to access the call live, in listen-only mode, by telephone at (416) 640-5944, or toll-free at 1-800-281-7973 (please call five to 15 minutes in advance). In addition, an accompanying slide presentation may be accessed via the Investor Relations page of www.scotiabank.com. Following discussion of the transaction by Scotiabank executives, there will be a question and answer session.

A telephone replay of the conference call will be available from December 5, 2017, to December 20, 2017, by calling (647) 436-0148 or 1-888-203-1112 (North America toll-free) and entering the identification code 9422114#.

About Scotiabank
Scotiabank is Canada’s international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. We are dedicated to helping our 24 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of more than 88,000 employees and assets of over $915 billion (as at October 31, 2017), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges (NYSE: BNS). For more information, please visit http://www.scotiabank.com and follow us on Twitter @Scotiabank.

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HBO Series Profugos and Mulher de Fases Nominated for Best Drama TV Series and Best Comedy TV Series at the Monte Carlo Television Festival

MONACO, April 25, 2012 /PRNewswire/ — Profugos and Mulher de Fases, the successful productions of HBO Latin America, were nominated for the Golden Nymph at the Monte Carlo Television Festival in the Best Drama TV Series and Best Comedy TV Series categories. 

“It is an honor for HBO Latin America to once again have two original productions like Profugos and Mulher de Fases be nominated for this award,” stated Luis Peraza, HBO LA’s executive vice president of Original Production.  He also added, “This honor is a true recognition of HBO’s commitment to create the highest quality content in the region.”

Profugos is a dramatic series filmed entirely in Chile, which revolves around a failed drug trafficking operation that triggers a frantic pursuit by the mafia and by law enforcement for those responsible, causing them to desperately flee across the Chilean countryside.  The series, which combines drama and action, has allowed HBO to have solid impact on its audience with the content of impeccable quality that is produced regionally. 

Mulher de Fases was the first comedy by HBO Latin America Originals, and it was the channel’s first incursion into the genre.  Mulher de Fases follows the adventures of Gracia (Elisa Volpatto) a real estate agent, who after her divorce, is searching for the ideal man to start her life over with.  The fun begins when the protagonist transforms herself and changes her personality depending on the current suitor.

Mulher de Fases was also nominated for Outstanding International Producer and Outstanding Actress in a Comedy TV Series, while Profugos was nominated for Outstanding Actor in a Drama TV Series and also for Outstanding International Producer.  

For more information about Mulher de Fases and Profugos as well as other HBO Original Series, subscribe to HBOLAPRESS, HBO Latin America’s press room. 

About HBO Latin America 

HBO Latin America is the leader in paid, Premium television network broadcasting in the region, who as well as being recognized for the quality and diversity of its original programming, movies, and documentaries, delivers services of the highest technology in SD and HD formats in over 23 countries in Latin America and the Caribbean through its channels HBO®, HBO2®, HBO® Signature, HBO® Plus, HBO® Family, HBO Caribbean®, Cinemax®, MAX®, MAX HD®, Max Prime (SM) and HBO OD.

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CaribWorldNews Rebrands As News Americas

Carib PR Newswire, NEW YORK, NY, Sat. Feb. 26, 2011: Get ready for News Americas, newamericasnow.com.

Executives of Hard Beat Communications have rebranded their CaribWorldNews wire to fit the company’s new goal of covering a larger demographic and capturing the emerging interest in the Americas, especially Latin America.

NewAmericasNow.com will replace CaribWorldNews.com, though readers will still be able to access the site through domains: CaribWorldNews.com, CaribbeanworldNews.com and Hardbeatnews.com.

The company’s new aim is to focus more on the top news, entertainment, business, sports and lifestyle and cuisine of the Americas and the content will be syndicated across over 50 sites and via EBSCO publishing.

The brand new website featuring web 3.0 technology will also allow for live feedback from readers who can view a live weather forecast, translate stories to suit their language need, listen to a Caribbean audio newscast right on the site and check out the preview of the latest bold move by HBC executives – a Caribbean entertainment newscast that will be presented weekly by a swimwear-clad anchor.

The video cast pioneers a new look and feel in the presentation of Caribbean news that is targeted specifically to the news service’s growing Internet followers globally.

Known for their spirit of innovation and originality, HBC CEO Felicia Persaud says 2011 is all about upping the ante – expanding into the Americas while still keeping the sexiness of the beach and the Caribbean’s beauties – with the video news of Caribbean-born celebrities.

The V-cast is being produced in collaboration with Mark Wright of Flatbush TV and will feature both male and female hosts. Wardrobe will be provided by popular Caribbean designers, including Guyana’s own, Roger Gary.

Persaud added that the company will, however, keep its weekly audio news cast focused on the Caribbean, given the BBC’s pull out from the region. The cast is aired across the U.S. on 13 radio stations and podcasted on 32 African-American and Caribbean websites.

For more log on to NewsAmericasNow.com.

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