Mark Mason, chief financial officer of Citi

Closing of the sales process Banamexdoes not yet have a specific date, he stated Mark MasonCFO of Citigroup.

In videoconference to give details of the results of the American group for the fourth quarter of 2022specified that the process still contemplates the sale of the business as the possibility of an Initial Public Offering (IPO).

We are following a dual process that includes both the sale of the business and the possibility of an initial public offering. I can’t tell you precisely when that deal would close,” he said Friday.

The financial director of the institution pointed out that they are working on the discussions, and that so far they are very satisfied with what has been achieved.

“We are very focused on that and obviously we will structure an agreement and reach an agreement that is in the best interest of the shareholders, but I cannot give you a specific date at this time,” he emphasized.

Last December, Manuel RomoCEO of citibanamexinformed that it will be in the first quarter of this year, when the final decision on the bank will be made.

However, it did not rule out the option of disincorporating the consumer banking businesses and Citi in Mexicothrough a public offering in the stock market.