Citigroup to pursue Mexico retail IPO after sale fails
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May 24 (Reuters) – Citigroup Inc (C.N) will pursue an initial public offering of its Banamex unit comprising consumer, small business and middle-market banking operations in Mexico, the bank said on Wednesday. Mexican conglomerate Grupo Mexico (GMEXICOB.MX) had been in talks to buy the unit, a person familiar with the matter had told Reuters earlier … [Read more…]