Posts Tagged ‘FINDEP’

Microfinance Focus, Dec. 21, 2009:  Mexican microfinance lender Financiera Independencia has announced that the Comision Federal de Competencia (COFECO) approved its acquisition of Financiera Finsol, the second largest group lending microfinance institution in Mexico, and a group of related entities as announced on Nov. 30, 2009. The transaction is expected to close during January 2010 as soon as the rights offering process approved by the ... Full story

Microfinance Focus, Dec. 1, 2009: Financiera Independencia, a Mexican microfinance institution, has launched a sponsored Level I American Depositary Receipt (ADR) program in the United States. BNY Mellon has been appointed as the Company's depositary bank to administer the ADR program. Each ADR represents 15 shares of Independencia common stock and will begin trading over-the-counter (OTC) effective Nov. 30, 2009. Independencia's common shares are listed and ... Full story