Mexico president urges Mexican traders to bid for Citi belongings By Reuters

© Reuters. Mexican President Andres Manuel Lopez Obrador speaks throughout a information convention on the Nationwide Palace in Mexico Metropolis, Mexico January 10, 2022. Mexico’s Presidency/Handout through REUTERS ATTENTION EDITORS – THIS IMAGE WAS PROVIDED BY A THIRD PARTY. NO RESALES.

MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador mentioned on Thursday he would welcome Mexican traders bidding within the sale of U.S. financial institution Citigroup (NYSE:)’s shopper banking operations in Mexico, noting it could possibly be constructive for the nation to “mexicanize” the belongings.

Talking in a video tackle, Lopez Obrador declared he was happy that Mexican tycoon Ricardo Salinas had proven curiosity within the belongings, and mentioned different main businessmen, together with billionaire Carlos Slim, may be bidders.

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