Banco Santander, S.A. (BME:SAN) made an offer to acquire 3.76% of stake in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (BMV:BSMX B) for MXN 2.9 billion on October 21, 2022. Banco Santander, S.A. (BME:SAN) made an offer to acquire 3.76% of stake in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (BMV:BSMX B) for MXN 6.3 billion on February 9, 2023. The Tender Offers are expected to be launched and settled no later than the first quarter of 2023.

The purchase period will be open until February 14, 2023. Bco Santander acted as an advisor in the transaction. The Offer will remain in force (the “Offer Period”) for a period of 42 Business Days, counted from on February 7, 2023, and will end on April 10, 2023.