List of bidders for Citigroup's Mexican retail arm shrinks as Inbursa drops out

Published on: Wednesday 23 November 2022

By Valentine Hilaire MEXICO CITY (Reuters) -Mexican bank Grupo Financiero Inbursa said on Wednesday it had pulled out of the bidding process for U.S. bank Citigroup's Mexican retail arm Citibanamex. "Inbursa confirms that, following submission of a non-binding proposal for the businesses in question, the parties mutually agreed that Inbursa will not be continuing to the next stages of the

News source: https://www.msn.com/en-us/finance/companies/list-of-bidders-for-citigroups-mexican-retail-arm-shrinks-as-inbursa-drops-out/ar-AA14u3ZY

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List of bidders for Citigroup's Mexican retail arm shrinks as Inbursa drops out