Grupo Financiero Bital SA was Mexico's fifth-largest bank.
History
Bital was first known as Banco del Atlantico during the 1980s and later was changed to Bital. It was the last Mexican bank whose balance sheet was still struggling from the 1995 Mexican peso crisis.
In 2002, HSBC Holdings PLC agreed to acquire Bital at an agreed price of $1.20 a share, thus Bital was valued at $1.14 Billion.
References
- "HSBC Buying Fifth-Largest Bank in Mexico for $1.1 Billion". NY Times. Retrieved 25 June 2018.
- "HSBC to Buy Mexico's Bital In Deal Valued at $1.14 Billion". The Wall Street Journal. Retrieved 25 June 2018.
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