Citi to Pursue Initial Public Offering of Its Consumer, Small Business and Middle Market Banking Operations in Mexico as It Executes Strategy to Simplify Firm and Deliver Value to Shareholders

Small Business
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CITI TO RESUME SHARE BUYBACKS THIS QUARTERArticle content
BUSINESS WILL RETAIN BANAMEX NAME AND CONTINUE TO SERVE AS ONE OF MEXICO’S LEADING BANKING PARTNERS FOR CONSUMER, SMALL AND MID-SIZED BUSINESS OWNERS
CITI TO RETAIN AND CONTINUE TO GROW MARKET-LEADING INSTITUTIONAL CLIENTS BUSINESS IN MEXICO
NEW YORK — Citi today announced it will pursue an initial public offering (IPO) of its consumer, small business and middle-market banking operations in Mexico (the “Business”) following the planned separation of its leading institutional business that will remain part of Citi. As previously disclosed, Citi has been pursuing a dual process to…