NHG advised BlackRock in structuring the acquisition of Citibanamex’s asset management business in Mexico. As part of the transaction, the parties will enter into a distribution agreement that will allow BlackRock to offer asset management products across Mexico through Citibanamex’s network.
BlackRock’s purchase doubles its AUM in Mexico from USD$31 billion to USD$62 billion. The deal includes a distribution agreement, which allows BlackRock to offer asset management products through Citibanamex’s network and to more than 20 million clients across Mexico.