Santander Sevelops a New Payment Strategy in Mexico

The Spanish financial group Santander acquired all the shares of Elavon Mexico Holding and its subsidiaries, specialized in merchant payment solutions. The amount of the negotiation adds up to 87.1 million dollars (79 million euros as of March 27).

 

The agreement was signed on February 24 with the intervention of Jáuregui and Del Valle (Mexico City) as advisors to the buyer. The firm did not give details of its participation in the transaction.

 

Von Wobeser y Sierra (Mexico City) and Alston & Bird (United Kingdom and United States) assisted the target companies.