Home Finance Mexican tycoon Salinas Pliego drops out of Citibanamex bid

Mexican tycoon Salinas Pliego drops out of Citibanamex bid

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The emblem of Citibanamex is pictured at a financial institution department in Mexico Metropolis, Mexico January 13, 2022. REUTERS/Gustavo Graf

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MEXICO CITY, June 22 (Reuters) – Mexican tycoon Ricardo Salinas Pliego mentioned on Wednesday he had determined to not proceed with a bid for Citi’s (C.N) Mexico unit, put up on the market earlier this yr.

“I used to be occupied with shopping for Banamex and determined NO,” Salinas mentioned on Twitter. “I favor to INVEST IN MY CUSTOMERS of Banco Azteca and compete with (and beat) whoever buys that drawback,” he mentioned.

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Reporting by Kylie Madry; Modifying by Muralikumar Anantharaman

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