MEXICO CITY--(BUSINESS WIRE)--GENTERA, S.A.B. de C.V. (“Gentera” or “the Company”)(BMV:GENTERA*) announced today the conclusion of the acquisition process of Pagos Intermex, S.A. de C.V. (“Intermex”), which initiated in October 2014.
- The Intermex acquisition has obtained regulatory approval from the National Banking and Securities Commission (CNBV). The transaction amounted Ps. 211 million.
- Pagos Intermex is a Mexican company with over 10 years’ experience in remittances services, with 60 branches primarily located in the states of Puebla, Guanajuato, Oaxaca, Guerrero, Jalisco and Michoacan.
With this acquisition, GENTERA gives impetus to its growth strategy and includes a new line of business for the benefit of its Mexican clients.
About GENTERA
GENTERA, S.A.B. de C.V. (formerly Compartamos, S.A.B. de C.V.) is a holding company whose primary objective is to promote, organize and manage companies, domestic and international, that are subject to its investment policies. GENTERA was established in 2010 and is headquartered in Mexico. Its shares began trading on the Mexican Stock Exchange on December 24, 2010 under the ticker symbol COMPARC*. On January 2, 2014, the ticker symbol was changed to GENTERA*.
Note on Forward-Looking Statements
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management’s current view and estimates of future economic circumstances, industry conditions, Company performance and financial results. The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.
