HSBC weighs offer for Citibanamex

HSBC weighs offer for Citibanamex

Economy & Policy Funds M&A Mexico United Kingdom Capital Markets

British bank HSBC could prepare an offer to buy Citibanamex from US financial group Citi, Jorge Arce, CEO of the bank in Mexico, said at a press conference on Tuesday. "We are looking at the possibility. I am not saying yes or no, but given the size, given the importance, you always have to keep your eyes open," Arce said. "I think it's a great opportunity for any bank or investor to try to analyze the opportunity, or buy or merge, or whatever is allowed at the time," he added. A judge in Mexico

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