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Putin approves Citi’s Russia sale
14 Nov 2025 03:05 GMT
… to move forward with an initial public offering of the bank’s remainder … $9.3 billion offer from Grupo Mexico.
Citi continues to serve institutional …
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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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Citi rejects Grupo México’s US $9.3B offer to buy Banamex
09 Oct 2025 21:04 GMT
… the bank Banamex.
Last Friday, Grupo México, a mining, transport and infrastructure … transaction certainty, we have advised Grupo México that Citi rejects the offer … /Cuartoscuro)
Citi’s IPO, or initial public offering, of Banamex shares will occur …
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Grupo México seeks to acquire up to 100% of Banamex from Citigroup
06 Oct 2025 23:58 GMT
… by magnate Germán Larrea, Grupo México is a multinational conglomerate … 1, is the president of Grupo México. (Moisés Pablo/Cuartoscuro … in our financial system,” Grupo México said in the letter … IPO remain our preferred path,” Citi said. “If Grupo México …
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Citigroup still prefers IPO plan for Banamex despite new offer by Grupo Mexico
06 Oct 2025 20:41 GMT
… by mining and transportation conglomerate Grupo Mexico, Citi said in a … Pardo and the proposed IPO continues to be our … agreement.
Under its offer, Grupo Mexico would purchase 25% of … a lesser-known businessman.”
Grupo Mexico shares may become more volatile …
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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’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 …