Grupo Financiero Bital SA was Mexico's fifth-largest bank.
History
editBital 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
edit- ^ "HSBC Buying Fifth-Largest Bank in Mexico for $1.1 Billion". NY Times. Retrieved 25 June 2018.
- ^ "HSBC to Buy Mexico's Bital In Deal Valued at $1.14 Billion". The Wall Street Journal. Retrieved 25 June 2018.
