Grupo Financiero Banorte, S.A.B. De C.V. (GBOOY: OTCQX International Premier) | GRUPO FINANCIERO BANORTE ANNOUNCES THE TOTAL PAYMENT TO THE INTERNATIONAL FINANCE CORPORATION FOR ITS INVESTMENT IN BANORTE IN 2009

GRUPO FINANCIERO BANORTE ANNOUNCES THE TOTAL PAYMENT TO THE INTERNATIONAL FINANCE CORPORATION FOR ITS INVESTMENT IN BANORTE IN 2009

Dec 06, 2013

OTC Disclosure News Service

Monterrey N.L., Mexico

Regarding the use of proceeds from the Global Public Offering carried out in July 2013, through which 447,371,781 common shares of Grupo Financiero Banorte, S.A.B. de C.V. (“GFNORTE”) (BMV: GFNORTEO) were sold for an amount equivalent to approximately USD $2.500 billion dollars, GFNORTE informs that as of this date the International Finance Corporation (?IFC?) received the payment in order to finalize its participation in GFNORTE, which amounted to 54,364,887 shares of the Group, this participation derives from the IFC’s investment in Banco Mercantil del Norte, S.A. (?Banorte?) since 2009. With this payment, the IFC does not longer have any patrimonial interest on GFNORTE or its subsidiaries.

 

This payment is consistent with the information provided to the investment public during the equity offering carried out by GFNORTE, as well as with the content of the transaction documents.

 

GFNORTE reiterates to the investment public that it expects to continue adopting the best international corporate practices regarding Corporate Governance and information disclosure. The Financial Group expects to maintain its strategic and expansion plans to consolidate a leading institution in Mexico; in this sense, we will timely inform the investment community regarding the strategy execution and evolution of our operations. The Finance and Investor Relations Department is available for any inquiry or comment regarding this material event at: investor@banorte.com or at the number (55) 52.68.16.80.

 

 

 

 

 

This release includes additional documents. Select the link(s) below to view.

Material Event-6dic13-14.09hrs-FINAL.pdf

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/GBOOY/news?id=72801

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