Insurance - Mexico - Mexico's Banorte closes buy of BBVA unit, but questions linger about capital impact

By Jorge Porter?/?Business News Americas

Mexican financial group Banorte has completed the purchase of Spanish bank BBVA's (NYSE: BBVA) local private pension fund Afore Bancomer for US$1.74bn...

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This news article is one of hundreds published daily by Business News Americas about the commodities, markets, movements, companies, projects, economics and politics integral to the development of Latin America. Including news and insight from South America, Central America and the Caribbean, BNamericas includes insurance insight and forecasts for business opportunities in Mexico. The business development service focuses on major projects, active companies, such as Banco Bilbao Vizcaya Argentaria S.A., Administradora de Fondos de Pensiones Habitat S.A., MetLife, Inc., Afore Bancomer S.A. de C.V., Administradora de Fondos para el Retiro, Instituto Mexicano del Seguro Social, PORVENIR S.A., Administradora de Fondos de Pensiones Provida S.A., Afore XXI Banorte, S.A. de C.V., Barclays PLC and Banco Mercantil del Norte, S.A., - Instituci?n de Banca M?ltiple; and business and sales contacts, providing networking opportunities with leading executives throughout Latin America.

Source: http://feedproxy.google.com/~r/BusinessNewsAmericas-Insurance/~3/f0qxQXThXoo/mexicos-banorte-closes-buy-of-bbva-unit-but-questions-linger-about-capital-impact

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