Criteria Caixacorp in Spain, parent of Swiss Life Network Partner VidaCaixa, is to buy 20% of Mexican bank Inbursa for EUR 1.5 billion (USD 2.36 billion).
Criteria announced it would use debt to buy its first major investment in Latin America. Criteria’s Chairman and CEO Ricardo Fornesa said this was particularly important because it gave it a foothold in the NAFTA (North American Free Trade Agreement) region.

Grupo Financiero Inbursa is active in corporate and retail banking, life/non-life insurance, asset management and market brokerage, and is part of the financial services operation of Mexican billionaire Carlos Slim Helú.

Swiss Life’s Mexican Network Partner Seguros Inbursa, a member of the Swiss Life Network since 2000, is also part of this group.

Strategically, this investment promises to be an interesting opportunity for a closer cooperation between our two Network Partners VidaCaixa (Spain) and Seguros Inbursa (Mexico).

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