Skip to content
hollywoodstarshoney

hollywoodstarshoney

Long Life Business

Primary Menu
  • Business Management
  • Business Analysis
  • News Business
  • Investment
  • Insurance
  • Banking
  • About Us
    • Privacy Policy
    • Contact Us
    • Advertise Here
    • Sitemap
  • Home
  • Citigroup in preliminary talks on selling Mexico business -execs
  • Business Banking

Citigroup in preliminary talks on selling Mexico business -execs

By Patricia A. Eldridge 1 year ago

NEW YORK, April 14 (Reuters) – Citigroup Inc (C.N) is in early talks with possible buyers of its Mexico consumer banking business Citibanamex, executives said on Thursday, while cautioning that the sale process would be complex and could take a few quarters to complete.

Citi disclosed in January that it was looking for a buyer for the unit, Mexico’s No. 3 consumer bank, which has struggled to trim costs to become more competitive with rivals like Spain’s BBVA and Santander.

Analysts have estimated that the bank, which Citi bought for $12.5 billion in 2001, could fetch between $4 billion and $8 billion.

Register now for FREE unlimited access to Reuters.com

Citi Chief Executive Jane Fraser told analysts that the bank was “attracting a lot of attention” in the talks with buyers, calling the sale a “once-in-a-lifetime opportunity.”

Various potential bidders for the business have already surfaced, including Mexico’s Grupo Financiero Banorte as well as Santander.

Chief Financial Officer Mark Mason told reporters that recent geopolitical events could make the franchise more appealing to others than when Citi first announced its intention to sell.

Mason and Fraser both said the exit process was complex and could still include an initial public offering, with the CEO adding that it was unclear whether a deal would be completed this year or next.

Register now for FREE unlimited access to Reuters.com

Reporting by David Henry in New York and Manya Saini in Bangalore; editing by Christian Plumb and Nick Zieminski

Our Standards: The Thomson Reuters Trust Principles.

Tags: Amazon Business Login, Amazon Business Prime, Bank Of America Business Account, Best Business Schools, Business Attorney Near Me, Business Bank Account, Business Card Holder, Business Card Maker, Business Card Template, Business Cards Near Me, Business Casual Attire, Business Casual Shoes, Business Casual Woman, Business Plan Examples, Ca Business Search, Ca Sos Business Search, Capital One Business Credit Card, Chase Business Checking, Chase Business Credit Cards, Chase Business Customer Service, Chase Business Login, Chase Business Phone Number, Cheap Business Cards, Citizens Business Bank, Cox Business Login, Digital Business Card, Facebook Business Suite, Finance In Business, Free Business Cards, Google Business Login, Harvard Business School, Lands End Business, Massage Parlor Business Near Me, Michigan Business Entity Search, Mind Your Business, Mind Your Own Business, Ohio Business Search, Risky Business Costume, Skype For Business, Small Business Loan, Small Business Saturday 2021, Starting A Business, Texas Business Entity Search, Triumph Business Capital, Vending Machine Business, Verizon Business Customer Service, Vonage Business Login, Wells Fargo Business Account, Yahoo Small Business, Yahoo Small Business Login

Continue Reading

Previous Corporate Insight to Track the Growing Traditional and Fintech Business Banking Platforms with Launch of Small Business Banking Research Services
Next Will neobanks take over small-business banking?

Archives

  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • March 2020
  • November 2018
June 2023
M T W T F S S
 1234
567891011
12131415161718
19202122232425
2627282930  
« May    

Recent Posts

  • Real Estate Investment in Stunning Cyprus
  • Small Business Owners: Your Leadership Style Can Increase ‘Profits’
  • Benefits of Diversified Portfolio Benefits in International Real Estate
  • SLEPT Analysis Overview
  • Own Real Estate Investment Property? Your Best Options to Survive the Real Estate Bubble

BL

Tags

Amazon Business Credit Card American Airlines Business Class Att Business Login Austin Business Journal Best Bank For Small Business Best Business Bank Accounts Best Business Schools In Us Best Business To Start British Airways Business Class Business Business Attire Men Business Card Ideas Business Casual Shoes For Women Business Continuity Planning Business Entity Search Business Letter Template Business Management Degree Business Manager Facebook Business Plan Outline Business School Rankings Colorado Business Search Delaware Business Entity Search Drop Shipping Business Family Business Bet Fox Business Live Georgia Sos Business Search Google Business Account Harvest Small Business Finance How To Build Business Credit Is Saturday A Business Day Is Sears Still In Business Management Microsoft 365 Business My Business Google Name Generator Business None Of Your Business Ny Sos Business Search Open A Business Bank Account Pa Business Search Plus Size Business Casual Pnc Business Banking Sos Business Search Ca Sunbiz Business Search Taking Care Of Business The Business Of Being Born
hollywoodstarshoney.com | Magazine 7 by AF themes.

WhatsApp us