Banorte Clinches BBVA Afore

Nov 28, 2012

Grupo Financiero Banorte has agreed to acquire BBVA’s Mexican pension operations, becoming the country’s largest pension manager in a deal valued at $1.6bn, the banks say. Banorte, long rumored to have been the top contender for the asset, has teamed up with Mexico’s IMSS Social Security Institute – a co-owner of the Afore XXI...

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


Already have an account?

Subscribe

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

Subscribe

Free trial

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

Free Trial

Upcoming Events

Poll

Which area will be most profitable for investment banks in LatAm in 2016?

Vote    




Popular Searches