Santander Mexico seeks up to $4 billion in IPO
Thursday, August 16, 2012

Banco Santander’s Mexican unit plans to raise as much as $4 billion in a record initial public offering for Latin America’s second-biggest economy, according to two people familiar with the matter.
Grupo Financiero Santander México the nation’s fourth-largest lender by outstanding loans, will probably sell the shares after the first week of September, said the people.
The Mexico City-based bank may sell a 25 percent to 30 percent stake, one of the people said.
Source: Bloomberg