Mexico mulls benefits of Banamex purchase, eyes synergies with state bank [Financial Post (Toronto, Ontario, Canada)]
Citigroup, Inc. (C)
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Source: Financial Post
inclusion, potentially in combination with a state-run bank such as the Banco del Bienestar, a top finance ministry official said. U.S. lender Citigroup scrapped its sale of the Banamex unit last week and said it will instead list it, a surprise move coming amid talks to sell the business to Mexican billionaire German Larrea's conglomerate Grupo Mexico. “The Finance Minister has asked us to evaluate the different scenarios in which it might be beneficial for Mexico to acquire the bank,” Deputy Finance Minister Gabriel Yorio told Reuters. Subscribe now to read the latest news in your city and across Canada. Subscribe now to read the latest news in your city and across Canada. Create an account or sign in to continue with your reading experience. Don't have an account? Create Account Yorio, who said Mexico could pursue a total or partial acquisition of the unit, was speaking in a phone interview while on a visit to Kuwait, Saudi Arabia, Oman, Qatar and the United Arab Emir
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