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UPDATE 1-Banorte shareholders vote to create Mexico's No. 2 bank

UPDATE 1-Banorte shareholders vote to create Mexico's No. 2 bank
From Reuters - December 5, 2017

MONTERREY (Reuters) - Shareholders in Mexicos Banorte on Tuesday approved the acquisition of Grupo Financiero Interacciones, which will create the countrys second-biggest bank.

More than 81 percent of shareholders attended the meeting and 71.6 percent of them voted in favor of the deal, Banorte said in a filing with the Mexican stock exchange.

Banorte was already the biggest Mexican-owned bank and the smaller Interacciones is a major player in loans to state governments and builders. The chairman of Banorte, Carlos Hank Gonzalez, is from Mexicos influential Hank family and is the son of the chairman of Interacciones, Carlos Hank Rhon.

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