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January 28, 2022
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Oceanography rules out being an obstacle to the sale of Banamex

Oceanography rules out being an obstacle to the sale of Banamex

“Oceanografía does not oppose nor will it be an obstacle to the sale of Citibanamex. It celebrates the fact that there are Mexican groups interested in a financial institution that was born in Mexico, and that generates thousands of jobs in our country,” the company’s statement said.

On January 21, a judge of the 71st Superior Court of Justice of Mexico City delivered to Oceanografía a document with precautionary measures to prevent the sale of Banamex, unless the amount of 5,200 million dollars (mdd) is paid.

These precautionary measures indicate that “refrain from making agreements, assemblies or any corporate act tending to approve the sale, donation, usufruct or by any means affect the portfolio of active and passive clients; of goods and services that undermine the value of the institution and his departure from Mexican soil”.

For its part, the Mexican government offered help to unblock the sale of Citibanamex for the Oceanography case.

“We can help with procedures so that the Banamex operation is carried out, we care, in what we can help so that (the sale) is not delayed,” President Andrés Manuel López Obrador assured at the morning conference this Wednesday.

Citigroup announced last Friday that it would appeal the judge’s decision. Likewise, he ruled out any impact on the schedule for the sale of the consumer business in Mexico.

Citibanamex pointed out that there are no legitimate legal bases for the judge to have issued this precautionary measure, which is not yet effective.



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