Santander Mexico Financial Group SAB de CV concludes sale of Gestion Santander SA de CV's shares


Thursday, 5 Dec 2013 04:12pm EST 

Santander Mexico Financial Group SAB de CV:Says it has concluded the sale of Gestion Santander SA de CV's shares, as a result of the agreement reached with its parent company, Banco Santander SA.Says, as a result of the transaction, Warburg Pincus y General Atlantic will indirectly hold a 50 pct of Gestion Santander and Banco Santander SA will indirectly hold its remaining 50 pct.Says the transaction was valued at 3,178.8 million Mexican pesos.Says a net gain for the company is 1,967.7 million Mexican pesos. 

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