Mexican pension fund manager Afore XXI Banorte S.A. de C.V. was created after the merger of Afores Banorte-Generali and XXI, and is part of Grupo Financiero Banorte, one of the largest financial groups in Mexico. Headquartered in Mexico City, it began operations on January 16, 2012. In January 2013, Afore XXI Banorte closed the purchase of Afore Bancomer for US$1.74bn in a deal that created the largest retirement savings manager in the country.
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