Creating and distributing additional copies is prohibited without the permission of the publisher. Contact

Ixe And Banorte Make it Official

Nov 18, 2010

In a deal that has been expected since an initial stock exchange announcement last month, Banorte has reached an agreement to acquire Ixe for MXP16.2bn ($1.3bn). Previously, bankers had said Ixe would want at least 2x book value, or approximately MXP14bn as of September 30. Banorte was advised by Strategic...

To continue reading please take a free trial, subscribe or login below.

Already have an account?


Subscribe now for unlimited access to all current and archive news, data and market analysis. 


Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial

LatinFinance Events


Will ABS become more interesting for LatAm borrowers as US monetary policy normalizes?


Printing isn't available for this page.