Credicorp to Buy Florida Bank Helm for $180 Million (Correct)

Peruvian conglomerate Credicorp Ltd. agreed to buy Miami-based financial firm Helm Bank USA to cater to Latin American clients in the region.

Credicorp owns Peru’s largest bank, BCP, and the conglomerate’s largest investor is the Romero family, one of Peru’s wealthiest. The company agreed to buy Helm Bank USA for $180 million.

The Romero family owns stakes in a number of large businesses in Peru, including packaged foods producer Alicorp, an insurance company, a private pension fund, and the Matarani copper port. The current head of the family business, Dionisio Romero Paoletti, is set to retire at the end ...