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Tag: Approving

  • Mexico Strikes Nearer to Approving Billionaire’s Bid for Banamex Stake

    Mexico Strikes Nearer to Approving Billionaire’s Bid for Banamex Stake

    (Bloomberg) — Mexican monetary authorities are near approving a proposal by billionaire Fernando Chico Pardo to purchase a 25% stake in Citigroup Inc.’s Mexican retail-banking unit, Banamex, paving the way in which to record the enterprise as quickly as subsequent yr.  The approval course of for Chico Pardo’s stake and his strategic plan for Banamex…

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