Radar > 224365

Gentera plans growth in Latin America

Gentera quiere crecer en Latinoamérica

Intel ID : 224365
Synopsis

According to Gentera's director of Innovation and New BusinessesJavier Fernández Cueto, the Mexican financial institution is planning an expansion strategy mainly in Peru and Guatemala. Fernández Cueto also confirmed that once they have secured growth in these markets, the company will will study the possibility of expanding to other Latin American geographies.

Following Gentera's acquisition of Banco Compartamos, the company also shows interest in the financial business in Mexico. (See related transaction)
(content in spanish)

Según Javier Fernández Cueto, director de Innovación y Nuevos Negocios de Gentera, entidad financiera mexicana, la compañía tiene prevista una estrategia de expansión por el mercado peruano y guatemalteco principalmente. El directivo también ha confirmado que una vez tengan asegurado su crecimiento en dichos mercados estudiarán la posibilidad de expandirse al resto de geografías latinoamericanas.

Tras la compra de Banco Compartamos por parte de Gentera, la entidad también apuesta por el negocio financiero en México. (Ver transacción relacionada)

Bidder


Intel ID 224365
Value ND
Native Currency US Dollar (USD)
Exchange Rate:
Financial Data - Gentera
(31 Dec 2017)
Revenue: EUR 915,02m
Exchange Rate:
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.03 Commercial, Retail & Mortgage Banking
25 Financial Services / 25.01 Banking & Investment

Secondary Sectors (TTRSC)
25.01.04 Consumer Finance
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Mergers & Acquisitions

Date Target Country Buyer Seller VALUE (EURm) Subsector    

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.