Inbursa Sets FO Timing

Inbursa Sets FO Timing

Mexico Equity

Mexico’s Grupo Financiero Inbursa has set June 25 as the date to price the follow-on sale of the 6.4% stake belonging to CaixaBank, according to people familiar with the deal. The sale of 423m secondary shares would raise MXP11.70bn ($910m) at Tuesday’s MXP27.65 closing price, or MXP11.00bn if done at the MXP26.00 at which Caixa sold 3.7% directly to Inmobiliaria Carso last week. Both the sale to Carso, like Inbursa a Carlos Slim company, and the upcoming follow-on are part of a plan for Caixa t

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