By Valentine Hilaire

MEXICO CITY — Javier Garza Calderon, a Mexican entrepreneur, wants to compete for the Consumer Banking arm of Mexico. Citigroup (NYSE:) In the country, he pledged to return it in Mexican hands. He made this statement on Sunday.

Garza Calderon is the founder of “Entrepreneurs For the Fourth National Transformation” (E4T). He said that he would be open to inviting business leaders and investors to discuss the possibility of an acquisition.

Garza Calderon shared a statement with Reuters that stated, “I see a tremendous opportunity to save its historical cultural and financial assets in order to return them to the hands Mexican businessmen.”

He said, “An international team of analysts and experts will assess all lines of business Citi Banamex manages and then we will make an offer.”

President Andres Manuel Lopez Obrador on Thursday named Garza Calderon as a potential bidder https://www.reuters.com/world/americas/mexico-president-urges-mexican-investors-bid-citi-assets-2022-01-13 after Citigroup said this week it would sell its Citibanamex consumer banking operations, ending a two decade retail presence in Mexico.

The Mexican High Streets are familiar with Citibank, which Citi purchased in 2001.

Lopez Obrador has asked Mexican investors to buy the assets in the hope of “Mexicanizing the bank”.

According to Garza Calderon, E4T is an association of business that supports Lopez Obrador in his so-called Fourth Transformation (4T), to eradicate corruption and inequality.

Lopez Obrador stated that Ricardo Salinas (Mexican tycoon), billionaire Carlos Slim from Grupo Financiero Incbursa, and Carlos Hank Gonzalez (chairman of Grupo Financiero Bankorte), could be interested in buying the company.