Finance:Bital
From HandWiki
Grupo Financiero Bital SA was Mexico's fifth-largest bank.
History
Bital was first known as Banco del Atlantico during the 1980s and later was changed to Bital. It was the last Mexican bank[1] whose balance sheet was still struggling from the 1995 Mexican peso crisis.
In 2002, HSBC Holdings PLC agreed to acquire Bital at an agreed price of $1.20 a share, thus Bital was valued at $1.14 Billion.[2]
References
- ↑ "HSBC Buying Fifth-Largest Bank in Mexico for $1.1 Billion". https://www.nytimes.com/2002/08/22/business/hsbc-buying-fifth-largest-bank-in-mexico-for-1.1-billion.html. Retrieved 25 June 2018.
- ↑ "HSBC to Buy Mexico's Bital In Deal Valued at $1.14 Billion". https://www.wsj.com/articles/SB1029938735639878195. Retrieved 25 June 2018.
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