Santander offers $2.9 billion to take control of Mexico business

Santander on Friday made an offer to take full control of its business in Mexico via a deal worth $2.93 billion to take advantage of higher returns available from LatinAmerica. The proposed deal, which will unwind Santander’s listing of 25 percent of the bank on the Mexican stock exchange in 2012, shows how the Spanish bank aims to focus more on emerging economies while cutting costs in mature markets in Europe. Reuters reports. China’s Foton considers acquisition of a Ford plant in Brazil China’s Beiqi Foton Motor is eyeing the acquisition of Ford Motor’s Brazilian plant in the industrial city of Sao Bernardo do Campo, newspaper Valor Economico reported today. The acquisition could be an alternative to construction of a plant planned by […]

This site uses Akismet to reduce spam. Learn how your comment data is processed.


CIO Monthly October 2022: Accelerating Trust for Financial Services

Surge in dark data a growing danger for organizations Dark...

U.S. unions lodge first Mexico labor grievance under new NAFTA

The AFL-CIO, the biggest U.S. labor federation, on Monday...

Argentina’s cashless king targets Latin America’s unbanked millions

Digital banking startup Uala will double the size of...