November 14, 2021
Markets

SoftBank Latin America Fund Invests in GBM to Accelerate the Democratization of Investments in Mexico

MEXICO CITY–()–Grupo Bursátil Mexicano (GBM), a leading investment platform in the Mexican stock market for over 35 years, today announced that it has reached an agreement with the SoftBank Latin America Fund, under which the SoftBank unit will invest up to US$150 million into a subsidiary of GBM. The transaction values GBM’s operating holding at over US$1 billion. GBM plans to use the proceeds to accelerate growth in all the business lines where it currently operates, as well as expanding into new verticals. GBM will also boost investments in order to enhance the democratization of investments in Mexico, and offer financial education so that Mexicans can regain control of their finances. The company will continue to focus on building out its talented team of more than 450 employees – who bring deep experience from the largest tech and financial firms…

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