December 12, 2013
A group of Mexican investors led by the Del Valle family has agreed to a pa
A group of Mexican investors led by the Del Valle family has agreed to a partnership with Spain’s Banco Popular, and will invest EUR450m ($621m) in the bank. The group of investors will come away with 6.4% of Banco Popular, at EUR3.95 per share, representing a 10% discount to the previous closing price. Shares closed Wednesday at EUR4.10. Under the agreement, Banco Popular will buy a 25% stake in the Del Valle’s Ve Por Mas brokerage in Mexico, for EUR97m.