Santander Mexico shares rise on first trading day

center_img Former Arizona Rep. Don Shooter shows health improvement Comments   Share   Bottoms up! Enjoy a cold one for International Beer Day MEXICO CITY (AP) – Shares in the Mexican unit of Banco Santander rose strongly on the New York and Mexico City exchanges a day after their public offering, a showing widely seen as a sign of confidence in the Mexican economy.The price of stock in Grupo Financiero Santander Mexico was up more than 5 percent on the Mexican exchange around midday Wednesday, and nearly 9 percent on the New York Stock Exchange.The Spanish bank sold nearly a quarter of Grupo Financiero Santander Mexico’s share capital as what it called part of a strategy of listing the bank’s most important subsidiaries within five years and boosting growth. The bank said the offering was the largest equity transaction in Latin America this year. The vital role family plays in societylast_img read more