Metrofinanciera Eyes Crédito y Casa

Mexican mortgage lender Metrofinanciera is in talks to buy local finance company Crédito y Casa, according to Reuters. If the acquisition goes ahead it will make Monterrey-based Metrofinanciera the largest Sofol in the country, moving ahead of Hipotecaria La Casita. Reports have been swirling since last year of a merger between the two entities with a price of around $180 million suggested.