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Citi Splits Mexico Business
Citi Splits Mexico Business With 93% of Staff Headed for IPO
Plans are advancing for an initial public offering of Citigroup Inc.’s Banamex business in Mexico after the bank finished separating out the division from its broader institutional offerings in the country.
Citi completes split of Mexico business ahead of Banamex IPO
(Reuters) - Citigroup (NYSE:C) has completed the separation of
Banamex
from its institutional banking business in
Mexico
as it prepares to list the retail bank, the Wall Street giant said on Monday.
Citi separates Mexico retail ops from institutional business
The move sets up the bank to spin off Banamex in an IPO, as planned. The timing of that will depend on regulatory approval, but the bank has long targeted next year.
Mexico News Daily
1d
Citibanamex separation now complete, says Citigroup
Citigroup announced Monday that it has completed the separation of Banamex, one of Mexico's oldest retail banks, from Citi ...
DPA International on MSN
2d
Citigroup completes separation of Banamex ahead of IPO
Citigroup has completed the separation of its Mexican subsidiary Banamex from its institutional banking business in Mexico, ...
Zacks.com on MSN
2d
Citigroup Nears Banamex Spin-Off Amid Organizational Overhaul
C nears divesting Banamex as part of its restructuring efforts to exit the retail banking business in some markets and invest ...
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