BLP has advised Inversiones Financieras Grupo Azul on the acquisition of Banco G&T Continental in El Salvador
BLP has advised its client Inversiones Financieras Grupo Azul, S.A (“IFGA”) on the acquisition of the shares of Banco G&T Continental El Salvador, S.A. and its subsidiary G&T Continental, S.A. de C.V., Casa de Corredores de Bolsa.
BLP's advice included:
This is a transaction of great importance to our client. It strengthens the offer of financial services to the Salvadoran public, strengthens Grupo Azul in the local market, and allows it to offer services in the Salvadoran securities market. The buyer and seller will also develop a long-term alliance to enable both groups a broader portfolio of products and services.
The team was led by Partner Zygmunt Brett and composed of Director Luis Vega, and Associate José Gochez, all based in El Salvador.