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QUADRUM S.A. TO SPIN-OFF FINANCIAL SERVICES DIVISION

 MEXICO CITY, Jan. 14 /PRNewswire/ -- Quadrum S.A. de C.V. announced that its proposal to spin-off its financial services division in two steps was approved at an extraordinary shareholders meeting yesterday. The spin-off was approved based on the prospect of a share offering of the new company, Servicios Financieros Quadrum, which will be made by means of appropriate offering documents. After the offering, Quadrum will hold 25 percent of the new company for up to approximately 24 months after the first step of the spin-off is effective. Each shareholder of Quadrum will receive stock in Servicios Financieros Quadrum at the ratio of two new shares for each share of Quadrum stock. Servicios Financieros Quadrum S.A. will seek a listing on the Bolsa de Valores and the NASDAQ exchange simultaneously with the offering of the new shares.
 Quadrum's financial services division offers a full range of factoring and finance leasing products to the Mexican market. The division's current management will continue to serve in their existing capacities following the spin-off.
 John Detmold, chief executive officer of Quadrum, said, "After carefully evaluating all available options, we determined that the spin- off would provide the maximum alternatives and benefits to existing shareholders. In addition to increasing liquidity in our shares, the spin-off will allow the market to value each of Quadrum's businesses separately. As a separate company, the financial services division can build an operating and capital structure that more adequately supports its requirements."
 Quadrum S.A. de C.V. is a diversified company that has realized sustained growth through start-ups and acquisitions of distressed businesses. The company's current portfolio of businesses consists of financial services, telecommunications and railcar leasing. Quadrum's share trade on the Mexican Bolsa de Valores.
 -0- 1/14/92
 /CONTACT: Jose Ortiz of Quadrum, 212-819-8314, or Fern Lazar or Cathleen Mayrose of Dewe Rogerson, 212-688-6840, for Quadrum/


CO: Quadrum S.A. de C.V. ST: IN: FIN SU:

KD-SM -- NY052 -- 4932 01/14/93 13:53 EST
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Publication:PR Newswire
Date:Jan 14, 1993
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