Mexican tycoon Salinas Pliego withdraws from Citibanamex bid

© Reuters. The logo of Citibanamex is photographed at a bank branch in Mexico City, Mexico on January 13, 2022. REUTERS/Gustavo Graf

MEXICO CITY (Reuters) – Mexican tycoon Ricardo Salinas Priego said on Wednesday he had decided not to pursue a bid for Citigroup’s Mexican business, which was sold earlier this year.

“I was considering buying Banamex and decided against it,” Salinas said on Twitter (NYSE: ). “I prefer to invest in my Banco Azteca customers and compete (and beat) with people who buy into the issue,” he said.

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