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SERVICIOS FINANCIEROS QUADRUM ANNOUNCES PLAN TO TAKE STEPS TO COMPLY WITH OWNERSHIP REQUIREMENTS

 MEXICO CITY, Dec. 10 /PRNewswire/ -- Servicios Financieros Quadrum, S.A. ("SFO") (NASDAQ-NMS: QDRMY) announced that steps are being planned to comply with ownership requirements applicable to it because of the recent grant of a charter to operate a national bank in Mexico. These steps are expected to include substituting a basket of shares with the same economic interests, but lesser voting rights, for the shares currently underlying the Company's American Depository Shares ("ADS"). An ADS represents 10 shares and has no voting rights. These steps include the management of the Company and other Mexican investors receiving approximately 7.5 million shares (750,000 ADS) of the Company, which in their hands will be restricted to comply with Mexican banking requirements, from Q-Tel, S.A. de C.V. in connection with a proposed distribution to the shareholders of Q-Tel of the 12.3 million shares (1,230,000 ADS) of the Company held by Q-Tel. To finance these acquisitions, management intends to pledge or sell some of the unrestricted ADS or shares of the Company currently held by them. The net results of these transactions will be that the number of shares of the Company held by the management will increase.
 The Company and management believe that the Company will derive significant benefits from the implementation of the banking charter.
 Servicios Financieros Quadrum, S.A. is currently Mexico's leading non-bank finance company offering asset-driven lending to selected markets through its subsidiaries Factor Quadrum, Arrendadora Financiera Quadrum and FerroQuadrum.
 -0- 12/10/93
 /CONTACT: Javier Flores of Servicios Financieros Quadrum, 525-723-9090, or Cathleen Mayrose of Dewe Rogerson, 212-688-6840/
 (QDRMY)


CO: Servicios Financieros Quadrum, S.A. ST: IN: FIN SU:

MP-SH -- NY046 -- 2648 12/10/93 12:50 EST
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Publication:PR Newswire
Date:Dec 10, 1993
Words:286
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