MEXICO CITY--(BUSINESS WIRE)--Compartamos S.A.B. de C.V. (BMV: COMPARC), (“Compartamos”) announced today that it concluded the acquisition of an 82.7% stake of the capital stock of Financiera Créditos Arequipa S.A. (“Financiera CREAR”) for a total amount of US$ 63 million, upon receiving the corresponding authorization from the Peruvian Securities and Exchange Commission (“Superintendencia de Banca y Seguros y AFP”) .
Financiera CREAR is a Peruvian microfinance institution that was founded in 1992 and became a credit entity in 1998.
Javier Fernández Cueto, Director of Strategy at Banco Compartamos, S.A., Institución de Banca Múltiple, stated, “Peru is and will continue to be a country of great opportunities and potential growth in the continent. It has a stable financial market and a mature microfinance sector. Investments such as the one we concluded today strengthen the confidence in this great country. We share Financiera CREAR’s commitment of generating value, with the financial inclusion of the lower income markets, as well as, the best practices in terms of transparency.”
Company Description
Compartamos is a holding company whose objective is to promote, organize and manage, all types of companies, national and internationally subject to its investment policies. As of now, Compartamos’ only subsidiary is Banco Compartamos, S.A., Institución de Banca Múltiple. Compartamos was established in 2010 and headquartered in Mexico City. Compartamos shares began trading on the Mexican Stock Exchange on December 24, 2010 under the ticker symbol “COMPARC”.
Note on Forward-Looking Statements
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