Financiera Independencia, S.A.B. de C.V., SOFOM, E.N.R., (Independencia) a Mexican microfinance lender of personal loans to lower income segment individuals, announced that HSBC Overseas Holding UK Limited (HOHU) has completed the divestiture of its ownership stake in Independencia.
As previously announced in the press release issued 18 September 2008 Independencia’s controlling shareholders have informed the company that they have acquired the remaining 46,319,132 shares that HOHU still owned after the amortization process took place. Following this process, the existing rights of first refusal provided under the shareholders’ agreement between Independencia and HOHU have been terminated.
After completing this transaction, the controlling shareholders of Independencia have increased their ownership stake to 82.31%.
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