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Popular Pensiones of Costa Rica acquires IBP Pensiones from HSBC and Scotiabank

Thursday, November 4, 2010

Consolidation of the Costa Rican market in pension funds has emerged with the acquisition by Popular Pnesiones of IBP Pensiones.
IBP Pensiones formed part of the HSBC and Scotiabank financial groups. Its assets stood at $4 million on June 30.
With the acquisition, Popular will have the largest share in the market, with the largest number of affiliates.
Original source (in Spanish): La República