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Posted on:
January 19th, 2007
Filed Under: Business, Hispanic News
Tagged: Banking, Mexico, remittance
Filed Under: Business, Hispanic News
Tagged: Banking, Mexico, remittance
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“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.”
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