Grupo Financiero Inbursa SAB de CV:Obtained approval to acquire and merge with Banco Walmart de Mexico through its unit Banco Inbrusa for 3,612 million pesos.
Grupo Financiero Inbursa SAB de CV:To enter a business alliance with Walmart de Mexico and acquire Banco Walmart de Mexico (BWM) for 1.7 times of equity value as of transaction date.BWM's equity is currently at about 2.1 billion pesos.Sees alliance as an opportunity to develop payment services and improve Walmart sales.
Grupo Financiero Inbursa SAB de CV:Declares dividend of 0.38 peso per share for 6,667,027,948 shares.Dividend to be paid on May 12.
Standard Bank Group Ltd:Says it has reached agreement with Grupo Financiero Inbursa SAB de CV in terms of which Inbursa will acquire Standard Bank’s Brazilian licensed banking subsidiary, Banco Standard de Investimentos SA (BSI).Says the acquisition is for a price to be determined with reference to the closing net asset value of BSI, which is to date about $45 million.Says the transaction is subject to regulatory approvals in South Africa, Brazil and Mexico.
Reuters reported that CaixaBank SA said on July 2, 2013 it sold a further 59 million shares in its divestment of part of Grupo Financiero Inbursa SAB de CV (GFI) for EUR 91.6 million (USD 119.4 million) after lead banks on the deal exercised a green shoe option. CaixaBank SA sold 6.4% of GFI for EUR 654 million at the end of June 2013 in a move to bolster its capital base. Following an earlier disposal of 3.7% of GFI, also in June 2013, CaixaBank SA now holds 9.01% of GFI.
CaixaBank SA announced that on June 25, 2013 it closed the placement of 423,369,822 shares of Grupo Financiero Inbursa SAB de CV, which represents a 6.4% stake, for a price of MXN 26 per share and a total price of MXN 11,008 million (EUR 654 million). As a result, CaixaBank SA has generated a net gain of EUR 31 million.
Reuters reported that Grupo Financiero Inbursa SAB de CV has set the price of MXN 26 per share for its offering to global investors, which would raise about USD 991 million.
Grupo Financiero Inbursa SAB de CV announced that it has presented a public offer of its shares, at a placement price of $26 per share. The total amount of global offer is up to $11,007,615,372, and up to 423,369,822 shares (excluding over-allotment option), up to $12,548,681,522, and up to 482,641,597 shares (including over-allotment option); the amount of the secondary offer in Mexico is up to $5,187,854,776, and up to 199,532,876 shares (excluding over-allotment option) and up to $5,914,154,454, up to 227,467,479 shares (including over-allotment option) ; the amount of international secondary offer is up to $5,819,760,596, up to 223,836,946 shares (excluding over-allotment option) and up to $6,634,527,068, up to 255,174,118 shares (including over-allotment option). The Company offers ordinary series O shares at a value of $0.4137108104105 per share. The settlement date is on July 1, 2013.
Reuters reported that CaixaBank SA plans to offer up to 482.64 million shares of Grupo Financiero Inbursa SAB de CV (Inbursa) to global investors but will not reveal pricing until June 25, 2013. The offering, announced earlier in June 2013, is part of a move to shed assets and shore up capital at CaixaBank SA. CaixaBank SA already sold a 3.7% stake in Inbursa to Inmobiliaria Carso SA de CV. CaixaBank SA said it planned to sell another 6.4% in tranches for Mexican and international investors, leaving it with a stake of 9.0% to 9.9% and raising just over EUR 1 billion in total.
Reuters reported that CaixaBank SA said it had sold 3.7% of Grupo Financiero Inbursa SAB de CV to Grupo Carso SAB de CV, owned by the same Mexican group, for EUR387 million and a capital gain of EUR33 million. The Barcelona-based lender said it would sell another 6.4% of Inbursa in Mexico, with a tranche for international investors, and would keep up a stake of 9.0% to 9.9% in Inbursa.