Banistmo to pay up to US$146mn for majority stake in Bancosal
Central America's largest financial group, Panama-based Grupo Banistmo, has announced it will pay up to US$146mn for a majority stake in El Salvadorian banking group Inversiones Financieras Bancosal. Banistmo will acquire 51-60% of Bancosal through a public tender offer, which must be approved by regulators in Panama and El Salvador, Banistmo said in a statement Friday. See: http://www.bnamericas.com/story.jsp?sector=3¬icia=333511&idioma=I
