Catalans to Slim Down Bank Stake

Catalans to Slim Down Bank Stake

Mexico Europe Equity

Grupo Financiero Inbursa is preparing a follow-on equity sale in which CaixaBank will sell some of its holdings in the Carlos Slim owned-bank, according to regulatory documents. The number of shares sold in the all-secondary transaction remains to be set, though the Barcelona-based lender says it is looking at the sale of 10% of the Mexican bank. A 10% position should be worth more than $1.4bn based on Inbursa’s MXP182bn ($14.66bn) market cap. Caixa owns 20% of Inbursa, having bought in to it in

Already have an account?

Free trial

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

Free Trial