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Mexico’s Citibanamex moves closer to inking sale, executive says -Breaking

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© Reuters. FILE PHOTO – A man leaves a Citibanamex branch in Mexico City on January 13, 2022. REUTERS/Gustavo Graf/File photo

MEXICO CITY (Reuters), – Citibanamex Citigroup (NYSE) Mexico’s consumer bank arm started sharing information with potential buyers, one of several first steps in the process to find a buyer, said Chief Executive Manuel Romo on Friday.

Romo said during a conference call that the first quarter results were discussed by the company. He also mentioned how many potential bidders had expressed interest in the unit since it was offered for sale months back.

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