Grupo Mexico regrets Citi's decision to reject its bid for Banamex-February 2024-www.financetom.com

Grupo Mexico regrets Citi's decision to reject its bid for Banamex

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Grupo Mexico regrets Citi's decision to reject its bid for Banamex

Oct 10, 2025 6:51 AM

MEXICO CITY, Oct 10 (Reuters) - Mexican mining and

transport conglomerate Grupo Mexico said on Friday it regretted

Citi's decision to reject its bid for its retail unit in the

country, known as Banamex.

Grupo Mexico added in a statement that its bid complied with

regulatory authority requirements and Citi's objective of

divesting 100% of Banamex.

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