C reaffirms its Banamex IPO plan despite Grupo Mexico's renewed bid, signaling commitment to its strategic refocus.

Citigroup ( NYSE: C) said it plans to proceed with an initial public offering of its Mexican retail bank, Banamex, even after ...

Grupo Mexico will not enter a bidding war for Citi's retail unit in the country, known as Banamex, as its offer already ...

Mexican conglomerate Grupo México has submitted a binding offer to acquire up to 100% of Banamex from Citigroup.

Grupo Mexico, a onetime front-runner for Citi’s Mexico retail presence, disclosed a bid to one-up billionaire Fernando Chico Pardo’s play for a 25% stake, and would purchase the rest, too. Citi, ...

By Kylie Madry MEXICO CITY (Reuters) -Mexican mining and transportation giant Grupo Mexico on Friday submitted an offer to ...

Mexican magnate Fernando Chico Pardo agreed to buy a 25% stake in Banamex from Citigroup for US $2.3 billion ahead of the ...

Citigroup ( NYSE: C) agreed to sell a 25% stake in its Mexican retail bank Banamex to local businessman Fernando Chico Pardo ...

Citigroup will look for more minority investors in its Mexican retail unit, Banamex, before launching a potential initial ...

Financier Fernando Chico Pardo to buy 25% position in lender as Wall Street giant seeks to exit the retail bank ...

(RTTNews) - Citigroup Inc. (C) Monday said it has completed the separation of Banamex from its institutional banking business in Mexico. With this separation, Citi will now operate two separate ...

Citigroup still plans to pursue an IPO for its Mexican retail unit even after receiving a new offer by mining and ...