Promecap Acquires Credit Portfolio from Finterra for USD7 Million

Source(s): LexLatin | Author(s): Erika Hidalgo

Mexico-focused private investment firm Promecap has acquired a portion of the outstanding loan portfolio of Mexico-based agricultural bank Finterra for MXN131 million (approximately USD7 million). The transaction forms part of Finterra’s plan to divest up to 35 percent of its outstanding loan portfolio in order to generate additional liquidity.