July 17, 2013 / 1:31 PM / 4 years ago

Mexican bank Grupo Banorte raises $2.2 billion in share auction

MEXICO CITY, July 17 (Reuters) - Mexican bank Grupo Banorte has hailed the results of its follow-on offering, that helped it raise around $2.18 billion.

Banorte, which offered just over 389 million shares, received 71.50 pesos per share. The money will be used to help boost its capital position and pay for recent acquisitions of an insurance and pension business.

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