Credicorp Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K was filed by Credicorp Ltd. on December 17, 2009, reporting a material event that occurred on December 16, 2009. The filing notifies the U.S. Securities and Exchange Commission and the Peruvian regulatory body (CONASEV) of a share acquisition executed through the Lima Stock Exchange.
Key Financial Metrics
The filing details a specific transaction rather than periodic financial results. Key figures related to the event include:
- Shares Acquired: 19,115,182 shares of Inversiones Centenario S.A.
- Ownership Stake: 11.24% of the total stock of Inversiones Centenario S.A.
- Total Transaction Value: S/. 76,460,728.00 (Peruvian Soles).
- Price Per Share: S/. 4.00.
- Funding Source: Own funds and third-party financing.
The filing text does not provide clear values for overall company revenue, profit, cash flow, margins, debt, or liquidity for the reporting period.
Material Changes
The transaction represents a redistribution of assets between companies within the same economic group. Credicorp's subsidiary, Grupo Crédito S.A., transferred the shares. The filing explicitly states that this operation did not alter the control group of the entities involved.
Outlook, Risks, and Management Commentary
Management commentary is limited to the description of the transaction mechanics and compliance with CONASEV resolutions regarding material events. No forward-looking guidance, risk factors, or contingencies regarding future performance are disclosed in this specific filing.
Key Facts for Investor Verification
- Verify the current total ownership percentage of Inversiones Centenario S.A. held by Credicorp following this 11.24% acquisition.
- Confirm the source and terms of the third-party financing used to fund the S/. 76.46 million transaction.
- Review subsequent filings to determine if this acquisition triggers any additional regulatory reporting thresholds or changes in consolidated financial statements.