Santander buys Evalon in Mexico

Santander buys Evalon in Mexico

M&A Equity Mexico US

Spanish bank Santander said on Monday that its Mexican division has agreed to buy the local operations of the US credit card transactions processing company Evalon for MXN1.6 billion ($84 million). Through the agreement, Santander México will acquire 49% of Evalon México, while Santander Merchant Platform Solutions (SMPS) will purchase 51%, the Spanish bank said in a press release. The transaction is subject to regulatory approval, but it is expected to close "in the next few weeks," US Bancorp,

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