Banco S3 México, S.A., Institución de Banca Múltiple completed the acquisition of Custody Business of Banco Santander, S.A

Banco S3 México, S.A., Institución de Banca Múltiple agreed to acquire Custody Business of Banco Santander (México), S.A. for MXN 850 million on October 26, 2017. The deal is subject to regulatory approval. The Board of Directors of Banco S3 México, S.A., Institución de Banca Múltiple have approved the deal. As on December 8, 2018, shareholders of Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander approved the transaction at ordinary and extraordinary shareholders meetings. N M Rothschild & Sons Limited acted as financial advisor for Santander Mexico S.A. Banco S3 México, S.A., Institución de Banca Múltiple completed the acquisition of Custody Business of Banco Santander (México), S.A. on January 2, 2018.