Eton Park Takes Independencia Stake

Eton Park Takes Independencia Stake

Mexico

Financiera Independencia, a Mexican microfinance lender to lower income individuals, has agreed to sell 70m shares at MXP10 each to US hedge fund Eton Park. The transaction follows last week’s approval of an 85m share capital increase. Proceeds will be used to fund the MXP530m acquisition of Mexico’s Financiera Finsol. The buyer says the target is the second largest microfinance institution in Mexico, and that the deal also includes Finsol Brazil. “Proceeds will also be used to provide up to MXP

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