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Caixabank considers selling half Inbursa stake

Thursday, May 23, 2013

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