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Market backs IPO for Citibanamex

Market backs IPO for Citibanamex

May 26, 2023 | Rodrigo Alonso Cruz
Banking association head says the deal could bring "more players to the market" as BIVA CEO says the share sale is the "better option" for Citi

Credit Ratings Economy & Policy M&A IPO Mexico United States Capital Markets Asset Management Structured Finance

Bankers and investors came out in support of Citi's choice to sell its consumer banking business in Mexico through an initial public offering (IPO) in 2025, saying it could be an "attractive" deal that will be "positive" for the market. "As a bank, we fully respect Citi's decision," said Julio Carranza, chairman of local lender BanCoppel and head of local banking association ABM. "Hopefully, it will be very attractive," he said at a press conference on Wednesday, "because what we want is to have

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