June 8, 2021 |
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
Japanese conglomerate spends $150 mln in a deal that values the Mexican investment firm at more than $1 bln