Citi intends to sell all of Citibanamex’s consumer and mid-market businesses to a single buyer, Cantú said in a media briefing.
“There is broad interest in Banamex,” he said, although he declined to name any potential buyers.
Once the deal is sealed, the sale would take 12-15 months to complete, he noted.
In January, Citi announced it was leaving Mexico as part of a plan to bring Citigroup’s profitability and share price in line with its competitors.
