Credicorp Expands Financial Holdings with $125.3 Million Fund Acquisition

Credicorp ( (BAP) ) has issued an update.

Credicorp Ltd., through its subsidiary Atlantic Security Holding Corporation (ASHC), has announced a significant strategic move to acquire full investment stakes in two funds managed by Credicorp Capital S.A. Sociedad Administradora de Fondos. This acquisition, valued at up to $125.3 million, involves the ‘Credicorp Capital Factoring Dólares’ and ‘Credicorp Capital Factoring Soles’ funds. This decision underscores Credicorp’s commitment to consolidating its financial services in the region, potentially enhancing its market position and offering expanded services to its client base.

More about Credicorp

YTD Price Performance: 29.76%

Average Trading Volume: 242,650

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $14.41B

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