Deals
Buyer of Deutsche Bank Mexico Unit Reconsiders Price
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InvestaBank, the Mexican lender that agreed in 2016 to buy Deutsche Bank AG’s Mexico units, is considering steps to renegotiate the $175 million purchase, according to people with direct knowledge of the matter.
The Mexico-based firm may seek to lower the price after regulatory changes wiped out most of the revenue the German lender generated through its monopoly on custodial services in the corner of the Mexican stock market where foreign securities trade, said the people, who asked not to be identified because the information is private. A Deutsche Bank spokeswoman declined to comment.