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Grupo Financiero Banorte SAB de CV

GFNORTEO.MX

Latest Trade

103.39MXN

Change

4.29(+4.33%)

Volume

9,620,420

Today's Range

99.30

 - 

103.41

52 Week Range

82.77

 - 

124.19

As of on the Mexico Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

HR Ratings affirms debt rating for Grupo Financiero Banorte SAB De CV

Grupo Financiero Banorte SAB De CV:HR Ratings affirms debt rating for Grupo Financiero Banorte SAB De CV at long term HR AAA and short term HR AA+.Outlook is stable.

Fitch affirms credit ratings on Grupo Financiero Banorte

Grupo Financiero Banorte SAB De CV:Fitch Ratings has affirmed its long and short-term IDR in local and foreign currency at BBB+ and F2, respectively.Outlook stable.

Grupo Financiero Banorte SAB De CV announces dividend payment

Grupo Financiero Banorte SAB De CV:Announces cash dividend payment of 0.2435 pesos per share.Payment date set to Jan. 21, 2015.

Grupo Financiero Banorte SAB De CV announces CEO, chairman change

Grupo Financiero Banorte SAB De CV:Announces Guillermo Ortiz Martinez steps down as chairman of the board and is succeeded by Carlos Hank Gonzalez, effective Jan. 1, 2015.Announces Alejandro Valenzuela steps down as chief executive officer and Jose Marcos Ramirez Miguel is to take his place effective immediately.

Fitch upgrades credit rating on Grupo Financiero Banorte

Grupo Financiero Banorte SAB de CV:Fitch Ratings has upgraded its viability rating (VR) on company to bbb+ from bbb and Issuer Default Ratings (IDRs) in local and foreign currency to BBB+ from BBB.Fitch has affirmed short-term IDRs in local and foreign currency at F2.

Grupo Financiero Banorte SAB de CV Announces Dividend Payment

Grupo Financiero Banorte SAB de CV announced a dividend in the total amount of MXN 2,177,932,453, at a value of MXN 0.7852 per share, to be distributed in four installments at a value of MXN 0.1963 per share each, effective on October 23, 2013, January 23, 2014, April 23, 2014 and July 23, 2014 against coupons No. 9, 10, 11 and 12, respectively.

Assicurazioni Generali SpA Completes Sale of Minority Stakes in Mexico to Grupo Financiero Banorte SAB De CV

Assicurazioni Generali SpA announced that it has completed the sale of its 49% minority stakes in the Mexican companies Seguros Banorte Generali and Pensiones Banorte Generali to Grupo Financiero Banorte SAB De CV, following the approvals by the relevant regulatory authorities. The transaction has been completed according to the terms of the agreement as disclosed on June 11, 2013. In particular, Generali has received on October 4, 2013 from Banorte a total gross consideration of USD 858 million, corresponding to an amount of EUR 631 million (based on a exchange rate of EUR 1 = USD 1.359). Through this deal Generali withdraws from a minority position which was not consistent with the Group strategy to actively manage and strengthen its capital position.

Grupo Financiero Banorte SAB de CV To Propose Dividend Payment

Grupo Financiero Banorte SAB de CV announced that it will submit to the shareholders for approval a dividend payment at a value of MXN 0.7852 per share. The Ordinary Shareholders’ Meeting will be held on October 14, 2013.

Fitch Ratings Affirms Its Credit Ratings On Grupo Financiero Banorte SAB de CV

Grupo Financiero Banorte SAB de CV (GFNorte) announced that Fitch Ratings has affirmed its credit ratings on the Company (BBB/F2, stable outlook) after the recent share capital increase of GFNorte.

Grupo Financiero Banorte SAB de CV Presents Global Offer Of Its Shares

Grupo Financiero Banorte SAB de CV announced the Global Offer of its shares at a placement price of MXN 71.50 per share, in the amount of MXN 27,814,854,210 (389,018,940 shares, without an over-allotment option) and in the amount of up to MXN 31,987,082,341.50 (up to 447,371,781 shares, with an over-allotment option); the Offer in Mexico in the amount of MXN 10,220,769,630.50 (142,947,827 shares, without an over-allotment option) and in the amount of up to MXN 11,753,885,000 (up to 164,390,000 shares, with an over-allotment option); the International Offer in the amount of MXN 17,594,084,579.50 (246,071,113 shares, without an over-allotment option) and in the amount of up to MXN 20,233,197,341.50 (up to 282,981,781 shares, with an over-allotment option). The Company offers ordinary, series O and class II shares, at a nominal value of MXN 3.50 per share. The Book Closing and Offering Date in on July 16, 2013, the Registration Date in on July 17, 2013 and the Settlement Date is on July 22, 2013.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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