Credicorp Ltd.: Credicorp completes acquisition of Ultraserfinco in Colombia
November 01 2019 - 4:30PM
Lima, PERU, November 1st, 2019 –
Credicorp (NYSE: BAP) announces that, on November 1st, after
obtaining the necessary regulatory approvals, it has completed
through its subsidiaries Credicorp Holding Colombia S.A.S and
Credicorp Capital Fiduciaria S.A., the acquisition of 100% of the
capital stock of Ultraserfinco S.A. Comisionista de Bolsa
(“Ultraserfinco”) for approximately US$ 41 million. Credicorp Ltd.
had reached an agreement for this acquisition with the shareholders
of Ultraserfinco on February 12, 2019.
With 50 years of experience, Ultraserfinco is
one of the leading financial services firms in Colombia with
securities brokerage, asset management and wealth management
businesses. With this acquisition, Credicorp Ltd. builds upon its
existing Credicorp Capital business to become the undisputed leader
in equities and fixed income trading in Colombia. In addition,
Ultraserfinco provides an attractive wealth management business,
over US$ 1.3 billion of assets under management or custody, and an
expanded client coverage footprint with presence in Barranquilla,
Bogota, Bucaramanga, Cali, Cartagena and Medellin. Through its
subsidiary Ultralat in Miami, Florida, Ultraserfinco also provides
clients with access to investment products and services in the
international markets.
About Credicorp
Credicorp Ltd. (NYSE: BAP) is the leading
financial services holding company in Peru with presence in Chile,
Colombia and Bolivia. Credicorp has a diversified business
portfolio organized into four lines of business: Universal Banking,
through Banco de Credito del Peru - BCP and Banco de Credito de
Bolivia; Microfinance, through Mibanco and Encumbra; Insurance
& Pension Funds, through Grupo Pacifico and Prima AFP; and
Investment Banking & Wealth Management, through Credicorp
Capital, Wealth Management at BCP and Atlantic Security Bank.
For further information please contact the IR
team:
investorrelations@credicorpperu.com.pe
Investor Relations
Credicorp Ltd.
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