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Citi Rejects Grupo Mexico’s US$9.3 Billion Bid for Banamex
11 Oct 2025 00:59 GMT
… of private investment and an initial public offering. Citi stated that after “careful … transaction certainty,” it had informed Grupo Mexico of its rejection.
Instead, Citi … moves forward, the rejection of Grupo Mexico’s bid underscores the complexities …
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Citi rejects Grupo Mexico’s $9.3B offer for Banamex
10 Oct 2025 20:41 GMT
… 24, 2025 and the planned [initial public offering] will allow us to complete … line Grupo Mexico operated, tensions with Larrea flared, and Grupo Mexico dropped its bid.
Grupo Mexico … that the Chico Pardo and IPO combination represented its “preferred path …
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Grupo Mexico offers new bid for Citi retail unit
05 Oct 2025 13:06 GMT
… mining and transportation giant Grupo Mexico on Friday submitted an … .
Under its offer, Grupo Mexico would purchase 25% of … “floor” for a planned initial public offering (IPO) for the rest of … Grupo Mexico deal fell through, Citi opted to pursue an IPO …
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Citi may sell more Banamex stakes, CFO says
14 Jan 2026 20:29 GMT
… we lead up to an [initial public offering],” Mason said Wednesday during a … more than any first phase IPO would have yielded,” Mason … rejected an October bid from Grupo Mexico to buy Banamex for $ … -downs and, ultimately, the IPO,” but declined to give specific …
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Citigroup plans to sell minority stakes in Mexican Banamex
16 Jan 2026 01:23 GMT
… regulator.
Earlier, Citigroup postponed the IPO of Banamex in 2026, aimed … IPO after an unsuccessful attempt to sell the retail business to Grupo Mexico …
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Citi’s Banamex IPO May Stretch Into 2026
15 Jan 2025 20:06 GMT
… slew of regulatory approvals to IPO in both Mexico and … year in preparation for the IPO of Banamex shares. The … from billionaire German Larrea’s Grupo Mexico SAB was scuppered in 2023 … as the bank considers alternative IPO structures and potential investors. …
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Citi completes split of Mexico business ahead of Banamex IPO
02 Dec 2024 16:07 GMT
… to work on the proposed initial public offering of Banamex, the timing of … now prepare for the Banamex IPO." Citi has weighed … German Larrea's conglomerate Grupo Mexico last year. But tensions … Citi deciding to pursue an IPO instead. Citi México will …
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Citi Splits Mexico Business With 93% of Staff Headed for IPO
02 Dec 2024 14:21 GMT
… are advancing for an initial public offering of Citigroup Inc.’s … based bank is planning an IPO of Grupo Financiero Banamex — … now prepare for the Banamex IPO, focused on optimizing value … Banamex’s retail operations to Grupo Mexico SAB last year. Although …
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Mexican government, Grupo Mexico agree deal over railway dispute
01 Jun 2023 19:25 GMT
… signed a deal with Grupo Mexico to compensate the conglomerate … after factoring in inflation.
Grupo Mexico shares were up 4.69% … 39;s poorer south.
Grupo Mexico is controlled by Mexican tycoon … it would instead pursue an initial public offering.
($1 = 17.7767 …
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Grupo México shares soar on the stock market after Citigroup announcement
24 May 2023 17:04 GMT
… titles of the mining giant Grupo México that shot up after Citigroup … that it will make an initial public offering of its unit in the …