April 27, 2022 |
Spanish bank Santander has "multiple options and a lot of flexibility" to finance the acquisition of Citibanamex from US financial services group Citi, CEO José Álvarez said Tuesday.
Santander has not started the bidding process, but it has established "very clear" criteria for presenting an offer that rules out a share sale to finance any deal, Álvarez said during a press conference to present the bank's first quarter results.
"Our president has stated the conditions, our requirements to parti
Spanish bank also has "a lot of flexibility" to finance a possible acquisition of the Mexican lender from Citi, CEO says