Link Securities | The company informed the National Securities Market Commission (CNMV) yesterday that it and another group company have formalised the purchase and acquisition of 100% of the shares in VN GLOBAL BPO, S.A. (Argentina) and VN GLOBAL PARAGUAY, S.A., from Prosegur Cash and another company within its group, as a means of acquiring the process outsourcing and value-added services (AVOS) business for financial institutions and insurers in Argentina and Paraguay.
Both transactions form part of a single economic and legal transaction and have been contractually structured as interdependent. The transaction forms part of the growth process of the process outsourcing and value-added services (AVOS) business initiated in 2021 with the purchase from CASH of certain areas of that business in Spain, as well as the associated technology, which was disclosed to the market in 2021.
