Mexican tycoon Salinas Pliego drops out of Citibanamex bid

2022.06.23 04:20

The logo of Citibanamex is pictured at a bank branch in Mexico City, Mexico January 13, 2022. REUTERS/Gustavo Graf

MEXICO CITY (Reuters) – Mexican tycoon Ricardo Salinas Pliego said on Wednesday he had decided not to continue with a bid for Citi’s Mexico unit, put up for sale earlier this year.

“I was thinking about buying Banamex and decided NO,” Salinas said on Twitter (NYSE:TWTR). “I prefer to INVEST IN MY CUSTOMERS of Banco Azteca and compete with (and beat) whoever buys that problem,” he said.

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