Mexico's Banorte to pitch Banamex purchase to shareholders
ReutersApr 23, 2025 3:57 PM
MEXICO CITY, April 23 (Reuters) - Mexican lender Banorte GFNORTEO.MX will float to shareholders the purchase of Banamex, Citi's C.N one-time retail unit in the country which it split off last year, Banorte's CEO told analysts on Wednesday.
"There are a lot of moving pieces," CEO Marcos Ramirez said. "So we will watch closely what's going on and propose (to shareholders)."
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