SoftBank invests in GBM

SoftBank invests in GBM

Equity M&A Asset Management Funds Mexico Japan

Japan's SoftBank has agreed to invest up to $150 million into a subsidiary of Grupo Bursátil Mexicano (GBM) in a deal that values the Mexican investment and brokerage firm at more than $1 billion, the conglomerate's legal adviser, Morrison & Foerster, said on Monday. GBM will use the money to expand existing business lines and develop new products, the US law firm said. The new products include a new platform for crypto currencies, GBM CEO Pedro de Garay said in an interview with Forbes Méxi

Already have an account?

Free trial

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

Free Trial