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Mexican Billionaire Salinas Says He’s Interested in Citibanamex

Ricardo Salinas Pliego
Ricardo Salinas Pliego

Photographer: Susana Gonzalez/Bloomberg

Billionaire Ricardo Salinas said he’s asked his team to look into acquiring Citigroup Inc.’s Mexican retail business known as Citibanamex, just hours after the U.S. firm announced plans to exit consumer-banking operations in the country.

“I have always believed and invested in Mexico and Mexicans. That’s why I’ve asked my team to analyze the convenience of acquiring Citibanamex and to redouble my bet on Mexico, Mexicans and the future,” Salinas wrote.