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BBVA Raises Stake In Citic To 15% For EUR1 Billion

MADRID -(Dow Jones)- Banco Bilbao Vizcaya Argentaria SA (BBV) said Thursday it has decided to exercise an option to raise its stake to 15% in China Citic Bank Corp (0998.HK). In a Spanish regulatory filing, BBVA said it will pay around EUR1 billion to acquire an additional 4.93% of Citic. -By Jonathan House, Dow Jones Newswires; +34 91 395 8120; jonathan.house@dowjones.com

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