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.
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*.
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