Elektra sells bank in El Salvador

Elektra sells bank in El Salvador

M&A El Salvador Mexico Central America

Mexico's Grupo Elektra said it has sold its banking business in El Salvador to Grupo Perinversiones for an undisclosed amount. Elektra did not give a reason for the sale, but it said it "will focus its efforts on markets that currently promote its strong business model — with solid financial and commercial operations — which will advance the well-being and progress of the communities where it has a presence." Luis David, founding partner of the Guatemalan financial advisory firm Asesores en Fina

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