US EditionCiti says Banamex IPO could run into 2026 - LatinFinance
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Citigroup's effort to list its retail banking operations in Mexico could extend to 2026 as it navigates a difficult market, regulatory approvals and seeks to bring key investors on board, according to its top executives.The bank, which had originally targeted 2025 for the bill, requires a series of regulatory approvals to go on the stock market both in Mexico and in the United States, while seeking to “advance” with potential investors, financia…
Once the separation of Banamex has been completed, the US Citigroup (still owner of the National Bank of Mexico), has focused on preparing completely for the Initial Public Offering (OPI) that would be in both Mexico and the United States, and could be extended until 2026.Mark Mason, Citi's finance director, explained, in the framework of a telephone conference on the occasion of the presentation of quarterly results, that the separation between…
The U.S. bank Citigroup said that after completing the separation of its businesses in Mexico, it has “all its attention” put on Banamex’s Inical Public Offering (OPI), which could take place until next year. See more: Banamex shares will be double listed in Mexico and other markets“We are preparing to be ready for OPI as soon as possible, but due to market conditions and regulatory approvals it is possible that this will happen in 2026,” said J…
After its separation will take place last December, Citi confirmed that the Initial Public Offering (OPI) to sell Banamex will be through a dual listing in the stock markets of Mexico and the United States. According to the director of finance of the American bank, Mark Mason, the division between the two institutions was a very important and significant achievement, so now it is up to us to move forward in the IPA process. We are focusing our a…
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