Caixabank considers selling half Inbursa stake

Spain's biggest domestic lender Caixabank said it was considering a placement of around half of its 20 percent stake in Mexico's Grupo Financiero Inbursa.

The savings bank group would make a decision on the stake, worth around $1.6 billion, depending on market conditions, it said.

Inbursa, Mexico's sixth largest bank by total assets, is controlled by Mexican business magnate Carlos Slim.



Source: Reuters