Credicorp Says It Will Acquire Empresas Banmédica's Remaining 50% Interest In Joint Venture Executed In December 2014 Between Pacífico Compañía De Seguros Y Reaseguros S.A. And Banmedica
Portfolio Pulse from Benzinga Newsdesk
Credicorp announced its plan to acquire the remaining 50% interest in a joint venture with Empresas Banmédica, initially executed in December 2014 between Pacífico Compañía De Seguros Y Reaseguros S.A. and Banmédica.
November 01, 2024 | 11:37 am
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Credicorp (BAP) is set to acquire the remaining 50% interest in its joint venture with Empresas Banmédica, which could strengthen its position in the insurance sector.
The acquisition of the remaining 50% interest in the joint venture indicates a strategic move by Credicorp to consolidate its holdings and potentially enhance its market position in the insurance sector. This could lead to positive investor sentiment and a potential short-term increase in BAP's stock price.
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