Summary
MEXICO CITY -- Banco Bilbao Vizcaya Argentaria, Spain's second- largest bank, said Monday it has launched an all-cash offer of 3.3 billion euros ($4.1 billion) to buy the 41 percent it doesn't already own of its Mexico unit.
The purchase of the rest of BBVA Bancomer, Mexico's biggest bank, would cement BBVA's position as the No. 1 banking entity in the country, ahead of Citigroup, which owns Banco Nacional de Mexico.See the full content of this document
Extract
Bbva to Buy Rest of Mexican Bank
The announcement was the latest in a string of high-profile foreign investments in Mexico's banking sector, which has shown ...
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