The Board of Grupo Financiero Inbursa, S.A.B. de C.V. (BMV:GFINBUR O) announced the spin-off of stake in Sinca Inbursa and Promotora Inbursa on January 25, 2021. The transaction involves spin-off of assets of Sinca Inbursa and Promotora Inbursa, subsidiaries of Grupo Financiero Inbursa, S.A.B. de C.V, which will be transferred into an entity that will be publicly listed. The shareholders of Grupo Financiero Inbursa, S.A.B. de C.V. will receive equity in the new company at a 1-to-1 ratio. The transaction is subject to regulatory approval and is part of the group strategy to separate non-financial companies from its core operations.