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.

Source