This area comprises the banking and insurance businesses conducted in Mexico by BBVA Group (hereinafter, “BBVA Mexico”).
On January 9, 2013, BBVA Group successfully concluded the sale of its stake in the Mexican company Administradora de Fondos para el Retiro Bancomer, S.A. de C.V. to Afore XXI Banorte, S.A. de C.V. The total adjusted price was USD 1,735m and the capital gain, net of tax, around €800m.
