Gentera, S.A. B. de C. V. (BMV:GENTERA *) entered into an agreement to acquire 36.8% stake in ConCredito- Bursatilizaciones de creditos from FinUtil, S.A. de C.V., Sofom ENR and Comfu S.A. de C.V. for MXN 2.6 billion.
December 20, 2017
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Gentera, S.A. B. de C. V. (BMV:GENTERA *) entered into an agreement to acquire 36.8% stake in ConCredito- Bursatilizaciones de creditos from FinUtil, S.A. de C.V., Sofom ENR and Comfu S.A. de C.V. for MXN 2.6 billion on December 21, 2017. Under the terms of the transaction, the consideration will be paid with Gentera‘s resources and includes a 36.8% stake of ConCrédito’s capital stock and MXN 500 million in convertible debt. Upon completion, the management and operation of ConCredito's business will remain unchanged. The transaction is subject to corresponding authorities approvals.
Gentera SAB de CV (Gentera), formerly Compartamos SAB de CV, is a Mexico-based financial institution specialized in banking and credit services. Genteraâs main activities are: granting loans and credits to communal banks, community groups, low-income individuals; offering saving accounts, insurance policies, administration and human resources services, making payments of family remittance and granting operation with securities and other financial instruments. The Company operates in Mexico, the United States, Guatemala and Peru, through such subsidiaries as: Compartamos Banco, a micro-financing bank; Yastas, a network of affiliated merchants that provide payments and financial transactions, Pagos Intermex SA de CV, the payment of family remittances company and Aterna, an intermediary between the distribution channels and the insurance industry.
Gentera, S.A. B. de C. V. (BMV: GENTERA *) entered into an agreement to acquire 36.8% stake in ConCredito- Bursatilizaciones de creditos from FinUtil, S.A. de C.V., Sofom ENR and Comfu S.A. de C.V. for MXN 2.6 billion.
GENTERA, S.A.B. DE C.V. 
