Citibanamex sale 'continues,' AMLO says

Citibanamex sale 'continues,' AMLO says

Economy & Policy M&A Mexico Capital Markets Asset Management Structured Finance

The sale of Citibanamex by US financial group Citi "continues" and "there is no basis" for it to get bogged down in court, Mexican President Andrés Manuel López Obrador said Wednesday. "All the legal experts maintain the same thing... that the judiciary is not going to stop the process of buying-and-selling Banamex," AMLO, as the president is known, said in response to a question during his regular morning press conference. In January, a judge in Mexico City put the sale on hold until Citibaname

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