Citi works on shortlist of Citibanamex bidders

Citi works on shortlist of Citibanamex bidders

Funds M&A Mexico Capital Markets Asset Management Project & Infrastructure Finance Digital Payments

US financial group Citi could soon announce a shortlist of possible bidders for Citibanamex, its consumer banking business in Mexico, Bloomberg quoted Deputy Finance Minister Gabriel Yorio as saying. The finance ministry along with the central bank, securities regulator CNBV and other financial authorities are preparing to issue an opinion on the potential buyers, Yorio reportedly said. Citi stands to earn around $7 billion to $8 billion as the number of likely contenders has whittled down to fo

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