BBVA Argentina
In December 1996, Banco Bilbao Vizcaya (currently Banco Bilbao Vizcaya Argentaria) acquired 99.90% of the shares of Otar S.R.L., from Otero Monsegur y Areco, majority shareholder of Sud América Inversiones, holder, in turn, of the 30.04% of the capital of Banco Francés. The operation was carried out at 375 million dollars.