Mexican Billionaire Salinas Says May Acquire Citibanamex

Reuters2022-01-12

Mexican billionaire Ricardo Salinas Pliego on Tuesday said he was considering acquiring Citibanamex, the Mexican consumer banking business of Citigroup, after the U.S. banking giant said it would pull out of the country.

Salinas, who is ranked as Mexico's third-richest man with a family fortune estimated in excess of $15 billion by Forbes, is the owner of the large Banco Azteca banking business.

Salinas said on Twitter that he has asked his team to analyze the possibility of "acquiring Citibanamex".

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment
12