From Yahoo Finance: 2025-05-05 13:14:00

Banorte CEO Marcos Ramirez stated the bank is not considering making a bid for Banamex, Citi’s former retail unit in Mexico. This contradicts previous hints of interest, which Ramirez clarified were misinterpreted. Banorte had previously launched a bid for Banamex in 2022, but withdrew, opting to monitor the situation instead. Citi now plans to list Banamex for a potential dual listing in Mexico City and New York.

Read more: Mexico’s Banorte backs away from potential Banamex bid