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.
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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.
