Banco Santander’s (NYSE: SAN) 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.
Jennifer Tacker is a staff writer at ABBO News. She holds a B.A. from the University of Waterloo and a B.Ed from Western University. Jennifer has been active in the stock market and crypto sector for a decade. She specializes in technical analysis and trading strategies. Read Full Bio
