Mexico's Banorte backs away from potential Banamex bid [Yahoo! Finance]
Citigroup, Inc. (C)
Last citigroup, inc. earnings: 4/15 08:00 am
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Source: Yahoo! Finance
country which it split off last year, CEO Marcos Ramirez told local newspaper Milenio in an interview published on Monday. WHY IT'S IMPORTANT Ramirez's comments were a shift away from statements he made during Banorte's most recent earnings call last month, where he suggested Banorte could be eyeing potential opportunities for the purchase. Ramirez told Milenio those comments were misinterpreted. KEY QUOTES "We were interested a few years ago, but we backed out... We are not involved in the new process," Ramirez told Milenio. "We will continue monitoring what happens with it (Banamex) and any others." Ramirez had told analysts last month that Banorte was watching the unit's moves closely and would "propose" from there. CONTEXT Banorte in 2022 launched a bid to take over Banamex, but eventually withdrew, a decision analysts viewed favorably at the time. Citi was close to selling the unit to mining conglomerate Grupo Mexico for $7 billion, though tensions between the gro
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C
Earnings
- 10/15/25 - Miss
C
Sec Filings
- 12/29/25 - Form 424B2
- 12/29/25 - Form 424B2
- 12/29/25 - Form 424B2
- C's page on the SEC website