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Antitrust Regulator Clears Banorte’s 100% Sale of Bineo to Klar

The deal still awaits required financial-sector approvals before completion.

Overview

  • Banorte said the Comisión Nacional Antimonopolio authorized the sale of all Bineo shares to Clearscope Holdings, owner of fintech Klar, in a notice to the Mexican stock exchange.
  • The bank noted that closing remains subject to approvals from the SHCP and CNBV, along with the corresponding opinion from Banco de México.
  • Banorte previously disclosed a 1,307 million‑peso impairment tied to Bineo that weighed on its third‑quarter 2025 results.
  • Klar cofounder and CEO Stefan Möller said Bineo’s structure and brief operating history made it an attractive target, and he indicated a formal CNBV petition for change of control has begun.
  • Banorte emphasized transparent handling and adherence to international governance standards during the process and signaled expectations to recover in the first half of 2026.