Publication: Business News Americas – English News
Provider: Business News Americas
Regulators authorize Banistmo’s takeover of Bancosal
El Salvador, Panama – Panamanian financial group Grupo Banistmo has received authorization from banking regulators in El Salvador and Panama to move ahead with its acquisition of up to 60% of El Salvador’s Inversiones Financieras Bancosal banking group. Banistmo was due to launch its public tender offer for Bancosal shares on the El Salvadorian stock exchange on November 12, the group said in a statement.
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