Grupo Financiero Banorte, S.A.B. de C.V. (BMV:GFNORTE O) is in talks with Citigroup Inc. (NYSE:C) Mexican consumer banking business Grupo Financiero Citibanamex, S. A. de C. V. for the sale of its assets, Banorte Chief Executive Officer Marcos Ramirez Miguel said April 21, 2022. Ramirez Miguel, in a call following the company's first quarter results, said that interested parties started the dialogue process with Citibanamex but are still gathering information about its operations in Mexico. The process could last at least five months, Ramirez Miguel added.
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- Banorte in Talks with Citibanamex for the Sale of Its Assets