Santander Eradicated From Bidding For Citi’s Mexican Financial institution

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By Najiyya Budaly (July 22, 2022, 2:07 PM BST) — Spanish lender Santander mentioned on Friday that it has did not make the shortlist within the bidding course of to purchase Citigroup’s retail financial institution in Mexico after submitting a non-binding provide to the American banking large earlier this 12 months.

Santander says it has been advised by Citibanamex-owner Citigroup that it “won’t be persevering with within the subsequent phases of the method” to purchase the U.S. firm’s retail financial institution in Mexico. (Pedro Pardo / AFP by way of Getty Pictures) Banco Santander SA mentioned it has been advised by Citigroup Inc. that it “won’t be persevering with within the subsequent phases of the method.” The…

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