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Botin Says Santander Expects to Explore Bid for Citi Mexico Unit

  • Mexico is key market for Spanish lender, Chairman says
  • Citigroup is said to seek as much as $15 billion in full sale
Bloomberg business news
Botin Says Santander Is Positioned for Higher Rates
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Banco Santander SA expects to be among lenders exploring potential bids for Citigroup Inc.’s retail banking operations in Mexico, Chairman Ana Botin said in an interview.

“When the process begins, we expect to be part of that process,” Botin said in an interview Wednesday, confirming a Bloomberg report from last month.