Banco Industrial to Buy Honduras' Banco del Pais

Banco Industrial to Buy Honduras' Banco del Pais

Central America

Guatemala's Banco Industrial is in talks to acquire Honduras' Banco del Pais for close to $150m, senior executives close to the discussions tell LatinFinance. The deal is expected to be finalized and officially announced in the coming weeks. The Guatemalan bank, which plans to IPO in Mexico as early as February, is heard to be raising a $165m 3-year loan at Libor plus 250bp to pay for the deal, according to a banker away from the deal. Standard Bank is heard to have the books for the syndication

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