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February 4, 2014
NEW YORK, February 4, 2014 — Covington & Burling was recognized by LatinFinance in connection with its 2013 “Domestic M&A Deal of the Year” award, which was given for the $1.73 billion acquisition by Grupo Financiero Banorte and its affiliate Afore XXI Banorte of Afore Bancomer from Spain’s Banco Bilbao Vizcaya Argentaria A Covington team led by Rubén Kraiem and Gabriel Mesa represented Banorte and Afore XXI in the acquisition, which is the largest transaction to date in Mexico’s pension sector and served to create the country’s largest pension fund. The 2013 LatinFinance “Deals of the Year” awards acknowledge transactions across Latin America and the Caribbean between Oct. 1, 2012 and Sept. 30, 2013, measured by market significance or strategic importance, as well as how they were structured and executed.