Profuturo AFP and AFP Integra acquired AFP Horizonte S.A. (BVL:HORIZC1) from Banco Bilbao Vizcaya Argentaria, S.A. (CATS:BBVA), Provida Internacional S.A, Holding Continental, S.A., and others for approximately $520 million on April 23, 2013. Profuturo AFP and AFP Integra will hold 50% stake each, in AFP Horizonte. Profuturo AFP's shareholder's 50% stake in AFP Horizonte is valued at CAD 260 million ($253.38 million). Upon final regulatory approval, 50% share of AFP Horizonte will integrate with Profuturo AFP.

Gabriel Mesa, Ruben Kraiem, Cecile Zwiebach, Robert Heller, Lee Tiedrich, Jessica Milner of Covington & Burling LLP and Luis Marcelo De Bernardis and Anahi Com of Miranda & Amado acted as legal advisor and Kevin Martins da Silva of Three Ocean Partners acted as financial advisor to AFP Integra. William D. Torchiana, Sergio J. Galvis Joram M. Lietaert Peerbolte, Kiran S. Kadekar, Christopher M. Payne, Jorge Solis, Ronald E. Creamer Jr., Eugenio, Rebecca S. Coccaro, Allison H. MacDonald, Robin C. Kelly, Kathryn L. Freund, Nader Mousavi, and Blaze D. Waleski of Sullivan & Cromwell LLP and Jean Paul Chabaneix, Luis Enrique Palacios, Jose Chiarella and Maria Isabel Neuhaus of Rodrigo, Elías & Medrano Abogados acted as legal advisor to Banco Bilbao Vizcaya Argentaria. Felipe Boisset, Alberto Rebaza, Rafael Alcázar, Iván Chu, María Haydee Zegarra, Fiorella Atoche, Giuliana Caminati and Lucía Ochoa of Rebaza, Alcázar & De Las Casas Abogados Financieros and Ian Arellano, Stefan Stauder and Helen Shin of Torys LLP acted as legal advisors to Profuturo AFP. BBVA Corporate Finance acted as financial advisor to AFP Horizonte. Goldman Sachs acted as financial advisor for Banco Bilbao Vizcaya Argentaria. Cleary, Gottlieb, Steen & Hamilton LLP acted as legal advisor for Goldman Sachs. The conversions were maded using www.oanda.com on April 23, 2013.

Profuturo AFP and FP Integra completed the acquisition of AFP Horizonte S.A. (BVL:HORIZC1) from Banco Bilbao Vizcaya Argentaria, S.A. (CATS:BBVA), Provida Internacional S.A, Holding Continental, S.A., and others on April 23, 2013.