Citibanamex to announce 'sale option' in first quarter

Citibanamex to announce 'sale option' in first quarter

M&A Mexico United States Capital Markets Structured Finance IPO Funds Equity

Mexico's Citibanamex will announce in the first quarter next year how US financial group Citi intends to sell the business, CEO Manuel Romo said at a press conference on Monday. "We are going to announce what the sale option is, if it is a buyer or if it is a different alternative," he said, adding that a share sale on the stock exchange "is still on the table." Local conglomerate Grupo México has entered advanced talks to acquire Citibanamex, but it has not reached a deal with Citi, Bloomberg r

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