Banorte is given regulatory approval to sell Bineo to Klar

Grupo Financiero Banorte declared that the sale of its digital bank, Bineo, to Clearscope Holdings, a division of Klar Holdings, has been approved by the competition authorities.

The National Antitrust Commission’s resolution approving the purchase, which was disclosed in early September, was reported to the firm on Monday.

“It is important to note that the completion of the transaction remains subject to compliance with various closing conditions, including, but not limited to, obtaining authorizations from the Ministry of Finance and Public Credit and the National Banking and Securities Commission, considering the opinion of the Bank of Mexico, respectively,” the company added in a statement sent to the Mexican Stock Exchange.

Also read: Carlos Hank Gonzalez’s Bineo wins clearance for a capital stock increase