Posted By Global Banking and Finance Review
Posted on January 16, 2025
(Reuters) - Banco Santander's Mexican arm has reached an agreement, alongside other shareholders, to sell its stake in TransUnion Mexico, it said on Thursday.
Under the share purchase agreement, Santander Mexico will transfer its 16.7% equity interest to TransUnion Reverse Exchange, a subsidiary of TransUnion.
The transaction is subject to various conditions, including regulatory approvals, the bank added.
(Reporting by Natalia Siniawski; Editing by David Goodman)