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MEXICAN GOVERNMENT TO EXCHANGE SHARES IN BANCOMER FOR SHARES IN GRUPO FINANCIERO BANCOMER

 NEW YORK, May 27 /PRNewswire/ -- The Mexican Federal Government, through the Ministry of Finance (Secretaria de Hacienda y Credito Publico), agreed today to exchange its shares of Bancomer S.A. for series "L" shares of Grupo Financiero Bancomer (G.F.B.).
 The government now holds 20.95 percent of G.F.B. equity shares in exchange for its previous 22.53 percent participation in Bancomer's equity.
 With this exchange and the acquisition of 4.24 percent of Bancomer shares this week, G.F.B. now controls 99.49 percent of Bancomer. This is a significant forward step in the process of consolidating the group's share holdings position, which now is as follows:
 Original Ownership Current Ownership
 (percent) (percent)
 Bancomer 56.00 99.49
 Casa de Bolsa Bancomer 97.64 99.95
 Arrendadora Monterrey 86.03 99.99
 Almacenadora Bancomer 60.92 62.92
 Arrendadora Bancomer(A) 56.00 99.49
 Factoraje Bancomer(A) 56.00 99.49
 (A) Indirect Ownership
 The equity of Grupo Financiero Bancomer is now represented by 4,372,576,373 shares, divided in the following series:
 No. of Shares Outstanding
 Series "A" 1,762,483,713
 Series "B" 656,611,580
 Series "C" 1,036,755,126
 Series "L" 916,725,954
 Total 4,372,576,373
 This transaction will favorably impact the earnings of G.F.B. shareholders and enhance the synergies among the group's subsidiaries.
 -0- 5/27/93
 /CONTACT: Bill Colon or Peter McCue of Fleishman-Hillard, 212-265-9150, for Grupo Financiero Bancomer/


CO: Grupo Financiero Bancomer ST: IN: FIN SU:

SM-OS -- NY072 -- 3031 05/27/93 14:40 EDT
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Publication:PR Newswire
Date:May 27, 1993
Words:265
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