Reuters – Mexican banking institution Banorte is in talks with Citigroup Incs Mexican consumer banking business Citibanamex for the sale of its assets, Banorte chief executive Marcos Ramirez Miguel said Thursday.
Ramirez Miguel, in a call following the companys first quarter results, said that interested parties started the dialogue process with Citibanamex but are still gathering information about its operations in Mexico.
The process could last at least five months, Ramirez Miguel added.
Reporting by Carolina Pulice editing by Cassandra Garrison
