Santander Puts Mexican Foot Forward

Santander Puts Mexican Foot Forward

Mexico Equity

Santander has made initial filings for the IPO of its Mexican unit, a transaction bankers say the Spanish bank will hope to get in motion as soon as possible in September. The deal, expected to raise at least $2bn and perhaps as much as $4bn, is seen as the best chance of reviving the region’s equity markets in the second half of the year.  Global volatility and international investor bearishness make a turnaround in the region’s ECM market unlikely, but bankers agree the first step towards

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