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Grupo Financiero Santander Mexico SAB de CV To Acquire ING Groep NV’s Mortgage Business In Mexico-Reuters

Friday, 14 Jun 2013 05:05pm EDT 

Reuters reported that Grupo Financiero Santander Mexico SAB de CV (Santander Mexico) said on June 14, 2013 it will buy Dutch ING Groep NV’s mortgage business in Mexico. Santander Mexico will pay MXN 643 million (USD 50.70 million) in cash for the MXN 12.3 billion mortgage book, according to a statement. The deal is expected to close in the second half of the year 2013, pending regulatory approvals. 

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