Home Mexico Corporate Mexican Entrepreneur Garza Says Hiring Advisers for Citibanamex Bid: Reuters

Mexican Entrepreneur Garza Says Hiring Advisers for Citibanamex Bid: Reuters

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Mexican Entrepreneur Garza Says Hiring Advisers for Citibanamex Bid: Reuters
Courtesy of Reuters.

MEXICO CITY, Feb 3 (Reuters) – A Mexican entrepreneur close to President Andres Manuel Lopez Obrador told Reuters that he has begun hiring financial advisers and law firms to prepare a bid for Citibanamex, Citigroup’s¬†(C.N)¬†Mexican consumer banking arm.

Javier Garza, founder of a business group which supports Lopez Obrador’s left-leaning administration, also said in a Zoom interview that he gets about four calls a day from potential investors.

They include individuals, corporations, funds, and small banks, he said, adding that he is talking to advisers and law firms in the United States and Mexico about a bid for Citibanamex.

The 73-year-old entrepreneur declined to identify any of the potential investors or specify which advisers he was talking to during the interview late Tuesday, stating it is too early to disclose sensitive information.

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