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Santander, Slim and Banorte make offers for Banamex

The Spanish bank and three Mexican entities, including Inbursa and Banorte, attend the formal process to acquire the Citi subsidiary.

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Santander, Slim and Banorte make offers for Banamex

The Spanish bank and three Mexican entities, including Inbursa and Banorte, attend the formal process to acquire the Citi subsidiary.

The sale process of Citi's retail business in Mexico advances. And Santander appears as the only foreign bank on the initial list of participants. Ana Botín, Mexican financier Carlos Slim (owner of Inbursa, the country's seventh largest bank) and Ba

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