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Mexico’s Banorte closes its acquisition of U.S. remittance company UniTeller

Posted on: January 19th, 2007
Filed Under: [ Business ] [ Hispanic News ]
Tags: Banking, Mexico, remittance
Knowledge is Power!

“Mexico’s fifth-largest banking group, Banorte, said Thursday that it has closed its acquisition of U.S. remittance company UniTeller.

In a filing with the Mexican Stock Exchange, Banorte said it acquired 100 percent of UniTellers shares for US$19 million euro14.7 million. UniTeller, with operations in 41 U.S. states, will help Banorte take a bigger share of the remittance market.”

Source: http://www.signonsandiego.coml
Fuente Traducido: usando Google o Altavista/Babel Fish

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