Finance

Mexico banking institution Banorte in talks with Citibanamex- Banorte CEO

A brand of Citibanamex is pictured in Mexico Metropolis, Mexico, February 22, 2018. REUTERS/Edgard Garrido

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April 21 (Reuters) – Mexican banking establishment Banorte (GFNORTEO.MX) is in talks with Citigroup Inc’s (C.N) Mexican client banking enterprise Citibanamex for the sale of its belongings, Banorte chief govt Marcos Ramirez Miguel mentioned Thursday.

Ramirez Miguel, in a name following the corporate’s first quarter outcomes, mentioned that events began the dialogue course of with Citibanamex however are nonetheless gathering details about its operations in Mexico.

The method may final at the least 5 months, Ramirez Miguel added.

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Reporting by Carolina Pulice; modifying by Cassandra Garrison

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