Stock Market News
Mexico’s Citibanamex moves closer to inking sale, executive says
2022.04.29 17:41
FILE PHOTO: A man exits a Citibanamex bank branch in Mexico City, Mexico January 13, 2022. REUTERS/Gustavo Graf/File Photo
MEXICO CITY (Reuters) – Citibanamex, Citigroup (NYSE:C)’s Mexican consumer banking arm, started sharing information with potential bidders, one of the first steps in a process to find a new owner, Chief Executive Manuel Romo said on Friday.
Romo added during a call to discuss the company’s first-quarter results that many bidders have expressed interest since the unit was put up for sale months ago.