GE to Acquire a 25% Share of BAC
With this purchase, GE Money would have 75% of the shares of BAC International Bank.
Monday, June 8, 2009
Beginning in July, the financial group GE Money has the option to purchase additional shares.
The American financial giant GE Money is negotiating to buy more shares in the Bank of Central America (BAC Credomatic) over the medium term.
AviancaTaca´s share issue exceeded $1.5 billion dollars, more than five times the initial offering of approximately $250 million dollars.
The International Finance Corporation signed an agreement yesterday that makes it a strategic partner of Banco G&T Continental, where it will invest $70 million.
Juan Carlos Sansón, general manager of BAC-Credomatic, stated that GE’s sale of BAC-Credomatic shares is “nothing but a rumor”.
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