Radar > 219275

Spain-based Banco Popular seeks investments in Latin America to continue growing

La española Banco Popular busca compras en Latinoamérica para crecer

Intel ID : 219275
Synopsis

Spain-based Banco Popular seeks short-term growth opportunities in Mexico and in other Latin American countries through acquisitions.

Banco Popular wants that 30% of group's profit are generated abroad, before 2018. The bank has recently closed the acquisition of a 24,99% stake in Mexico-based Grupo Financiero Ve por Más (BX+), as part of its international expansion strategy.
(content in spanish)

La entidad financiera española Banco Popular busca oportunidades de crecimiento a corto plazo en México y en otros países latinoamericanos a través de adquisiciones.

Banco Popular pretende que el 30% del beneficio del grupo proceda del exterior antes de 2018. La entidad financiera ha cerrado recientemente la compra del 24,99% del accionariado mexicano Grupo Financiero Ve por Más (BX+) como parte de su estrategia de internacionalización.

Bidder


Intel ID 219275
Value ND
Native Currency Euro (EUR)
Financial Data - Banco Popular
(31 Dec 2015)
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.99 Other Banking & Investment
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

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.