December 7, 2022 |
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
US financial group Citi will offload the Mexican bank through a direct sale or a "different alternative," Citibanamex CEO says