Deutsche bank to sell Mexican units to Investabank-source
MEXICO CITY, Oct 26 (Reuters) - Deutsche bank has agreed to sell two Mexican subsidiaries to local rival InvestaBank, a person familiar with the matter said on Wednesday, as the German bank exits non-core businesses.
The person did not disclose the price tag of the deal, but said InvestaBank would seek a capital raise of approximately 2.5 billion pesos ($133.32 million) to help fund the purchase of the units, Deutsche Bank Mexico and Deutsche Securities. ($1 = 18.7520 Mexican pesos) (Reporting by Noe Torres)
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