November 29, 2022 |
Mexican financial group Mifel has recruited two investors – Apollo Global Management and the Abu Dhabi Investment Authority (ADIA) – to back a bid for Citibanamex, Reuters reported on Sunday.
Mifel has enough funding to support an offer, but more investors could still join the bid to acquire Citi's consumer banking business in Mexico, Reuters said, citing two sources familiar with the matter.
Citi announced in February that it would put Citibanamex up for sale, and Mifel was linked to an offer i
Mexican financial group lines up funding from Apollo and ADIA to make a bid for Citi's local consumer banking business