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 story : Citigroup's Mexican unit draws bids from Banorte, Santander: Report #FinanceUSA #StockMarketNEWS Citigroup Inc.'s efforts to sell its Citibanamex consumer banking unit in Mexico has drawn bids from

@stockMarketNEWS Wed 29 Jun, 2022

Posted in: #FinanceUSA #StockMarketNEWS

Citigroup's Mexican unit draws bids from Banorte, Santander: Report #FinanceUSA #StockMarketNEWS
Citigroup Inc.'s efforts to sell its Citibanamex consumer banking unit in Mexico has drawn bids from Financiero Banorte and Banco Santander SA , Reuters reported on Tuesday. Citigroup CEO Jane Fraser put the unit up for sale in January as part of an effort to refocus the bank's international business on commercial customers. Citing a person familiar with the deal, Reuters reported that Banorte hired Bank of America as an adviser on its bid to buy Citibanamex. Meanwhile, Santander has hired Credit Suisse and Goldman Sachs, the report said. Billionaire Carlos Slim tweeted earlier this year that he was also looking at Citibanamex, but his name has not surfaced in recent reports. Shares of Citigroup fell 0.4% in premarket trades.


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