Inbursa, owned by Carlos Slim, withdraws from the Banamex purchase process

Inbursa Financial Groupof the businessman Carlos Slimwill not continue in the bid for the sale of Banamexreported this Wednesday afternoon to the Mexican Stock Exchange (BMV).

With this, the number of interested parties in acquiring the consumer and corporate banking business of the American is reduced to two Citigroup.

Is about Mifel Bank, by Daniel Becker, current president of the Association of Banks of Mexico (ABM), who has sought associations with other investors, and businessman Germán Larrea, who has also sought alliances. These two groups, so far, have not said they are getting out of the process.

Grupo Financiero lnbursa appreciates having been invited to participate in the process carried out by Citigroup in relation to the potential sale of its consumer banking and business banking businesses in Mexico,” it said in its statement.

However, it confirmed that following its non-binding proposal for the acquisition of said businesses, the parties mutually agreed that inbursa it will not continue in the following stages of the process.

inbursa He pointed out that it will accelerate its technological development, as well as its high potential for growth and market share in Mexico, and will continue with its offer of differentiated products in favor of customers.

After the announcement that Citigroup would sell BanamexAt the beginning of 2022, there were several groups interested in buying it. However, they have gradually given up on their intention.

Thus, in addition to Inbursa, HSBC, Banco Azteca, Santander, Ve por Más, Banorte have gotten off the boat.

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