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Mexico's Banorte values Interacciones deal at 26.6 billion pesos: presentation
October 26, 2017 / 2:43 PM / 23 days ago

Mexico's Banorte values Interacciones deal at 26.6 billion pesos: presentation

MEXICO CITY (Reuters) - Mexico’s Grupo Financiero Banorte sees the total value of its deal to buy smaller peer Grupo Financiero Interacciones is 26.557 billion pesos ($1.40 billion), the group said in an investor presentation obtained by Reuters on Thursday.

The cash and shares deal values a share in Interacciones at the equivalent of around 98.4 pesos with the deal expected to close mid-2018 if all approvals are obtained, the presentation said.

Reporting by Christine Murray

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