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News Breaks | | | | February 5, 2013 | | 18:08 EDT |  | BLX | Banco Latinoamericano reaches agreement to divest asset management unit
Banco Latinoamericano de Comercio Exterior, S.A. that the Bank reached a substantial agreement on the terms of sale for Bladex's Asset Management Unit, and is in the process of completing final documentation. The agreement contemplates the sale of the unit to current executives of Bladex Asset Management, together with a third party investor. The transaction, which is subject to final documentation and regulatory approvals, is expected to be completed by March 31. | |
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