Finance / Brazil
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Mexico's Grupo Salinas Expansion
March 2008 | M&A News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Grupo Salinas, a Mexican conglomerate founded by Ricardo Salinas, announced that two of its companies, TV Azteca and Banco Azteca, would be expanded further into Latin America. TV Azteca plans to acquire a 70% stake in Guatemala's Latitud TV, while Banco Azteca is opening its first bank in Brazil under the name Banco Azteca do Brasil.