Mexican home lender Credito Inmobiliario Terras is considering acquisition offers as well as strategic partnerships, although a “frenzy” of interest in the industry seems to have calmed down, a senior company executive said on Tuesday.
The company, Mexico’s fourth-largest mortgage finance company, last December hired Merrill Lynch to consider offers and negotiate on its behalf.
Merrill Lynch is now in discussion with some prospective buyers, although “there is still nothing solid,” Credito Inmobiliario Terras’ chief financial officer Antonio Estandia told Reuters.
For this complete story, please visit Mexico Lender Credito Inmobiliario Looks at Offers.
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