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Mexico's Citibanamex moves closer to inking sale, executive says

Mexico's Citibanamex moves closer to inking sale, executive says

reuters.com · 04/29/2022 10:05
Mexico's Citibanamex moves closer to inking sale, executive says

- Citibanamex, Citigroup'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.


(Reporting by Valentine Hilaire)

((Valentine.Hilaire@thomsonreuters.com;))