Principal Financial Group S.A. de C.V. Grupo Financiero Acquires HSBC Afore S.A. de C.V.

On April 11, 2011, Principal Financial Group S.A. de C.V. Grupo Financiero acquired financial services company HSBC Afore S.A. de C.V. from Grupo Financiero HSBC S.A. de C.V. for 198M USD

This is Principal Financial Group S.A. de C.V. Grupo Financiero’s 1st transaction in the Financial Services sector.
This is Principal Financial Group S.A. de C.V. Grupo Financiero’s largest (disclosed) transaction.
This is Principal Financial Group S.A. de C.V. Grupo Financiero’s 1st transaction in Mexico.

M&A Deal Summary
Date	2011-04-11
Target	HSBC Afore S.A. de C.V.
Sector	Financial Services
Buyer(s)	Principal Financial Group S.A. de C.V. Grupo Financiero
Sellers(s)	Grupo Financiero HSBC S.A. de C.V.
Deal Type	Divestiture
Deal Value	198M USD

Ciudad De Mexico,, Mexico

HSBC Afore, S.A. de C.V. operates as a pension fund manager in Mexico.

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Mexico City, Mexico

Category	Company
Sector	Financial Services

Principal Financial Group, S.A. de C.V., Grupo Financiero is based in Mexico City engages in the financial services.

Mexico,, Mexico

Category	Company
Sector	Financial Services

Grupo Financiero HSBC, S.A. de C.V. provides banking and financial services in Mexico.