GRUPO FINANCIERO BANORTE CONTINUES TO EVALUATE GROWTH OPTIONS TO CONSOLIDATE ITS LEADING POSITION IN THE MEXICAN FINANCIAL SYSTEM.
Sep 04, 2012
OTC Disclosure News Service
Monterrey, N.L., September 4th, 2012. –
Grupo Financiero Banorte, S.A.B. de C.V. (“GFNORTE”) (BMV: GFNORTEO) informs the investment public that it is constantly analyzing different strategic alternatives to strengthen its leading position as one of the most important institutions in the Mexican financial system. In 2011, GFNORTE merged with Ixe Grupo Financiero and Afore XXI, enabling the Financial Group to become one of the leading institutions in premium wholesale banking, and one of the most important managers of retirement funds in Mexico. In this regard, we continue to explore alternatives to generate greater scale in the Afore and Annuities sectors. If a sale of BBVA Bancomer’s assets occur in these segments, as was announced publicly by BBVA Group a few weeks ago, GFNORTE would be interested in evaluating a possible acquisition of these businesses, as long as it is carried out at a price that generates value to Grupo Financiero Banorte’s shareholders.
GFNORTE reiterates its commitment to maintain close communications with the investment public.
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