is already in talks with Citi for the purchase of Banamex – El Financiero

financial institution Banorte confirmed this Thursday that they have already engaged in discussions with Citi for acquire the franchise Banamex.

Within the framework of the presentation by the firm’s results report corresponding to the first quarter of this 2022, Mark Ramirezgeneral director of the Monterrey company stated that they have already approached and have shown their interest in buying Banamex.

“We have already started to have contact. It is a process that has to be clarified that is just beginning and requires a medium-term analysis. We are just in it and patience because this is going to be a long term, ”she said.

Previously, the firm had already shown interest in participating in the sale process of the franchise.

Even the President of the Republic himself, Andres Manuel Lopez Obradorurged at the 85th Banking Convention held in Acapulco on March 24 and 25 of this year, that the franchise should remain in Mexican hands.

“As is known, Banamex is for sale and we will not put any obstacles in this transaction, we only respectfully recommend the following; It is more than a recommendation, because it is an economic and commercial operation, but we would like the new shareholders or owners to be preferably Mexicans,” said the president.

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