Grupo Financiero Banorte will launch an analysis on the opportunity to buy Banamex, once the American Citigroep announced that the franchise is for sale. However, according to its chief director, Marcos Ramírez Miguel, today it can not be said that there is an interest.
“As part of our responsibility, we will initiate an analysis of this opportunity, and if we find that a possible transaction adds value to shareholders, we will submit it to them for consideration and at the time we announce it to the public. will make. ” he said.
In a video conference on the occasion of the presentation of the group’s results for the fourth quarter of 2021, he emphasized that it is the responsibility of Banorte analyzes any opportunity to generate value, but today it can not be said that they are interested. “Let’s start the analysis.”
He stressed that the issue has not yet been entered as it is a very recent news and therefore absolutely nothing has been decided. He even noted that the information could come out until the first or second quarter of the year.
financial institutions such as Bank of America (BofA) Securities, said that Banorte is in the best position to be the buyer of Banamex.
The President of the Republic, Andrés Manuel López Obrador, mentioned this institution of Monterrey as one of the potential buyers, and expressed his wish that Banamex return to the hands of Mexican investors.
“We have an appetite, we believe in Mexico we are a bank that wants to grow organically or inorganically, but we are dependent on market conditions,” said the director of Banorte.
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Reference-www.eleconomista.com.mx