Mexico’s Grupo Financiero Inbursa, a financial company that provides banking and related services through its subsidiaries, has finalized a deal to buy the banking unit of Wal-Mart de Mexico (Walmex).
The deal is valued at MXN3.612bn ($234.46m), according to a Reuters report.
Go deeper with GlobalData
The deal will give Inbursa a credit portfolio worth about MXN5.434bn, assets worth MXN8.074bn, and equity of MXN2.128bn.
Walmex’s banking business provides credit cards and loans to the retail store’s customers.
GlobalData Strategic Intelligence
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
