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...

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