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    GFINBUR O   MXP370641013

GRUPO FINANCIERO INBURSA, S.A.B. DE C.V.

(GFINBUR O)
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End-of-day quote Mexican Stock Exchange  -  05-17
34.29 MXN   -2.50%
05/02Factbox-Citigroup's Mexican consumer banking unit lures various potential bidders
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04/27Mexico's Inbursa says still interested in Citibanamex sale
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04/26Grupo Financiero Inbursa, S.A.B. de C.V. Reports Earnings Results for the First Quarter Ended March 31, 2022
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Inbursa 'waiting to see' before expressing interest in Citibanamex bid

01/26/2022 | 03:06pm EDT
FILE PHOTO: A logo of Citibanamex is pictured in Mexico City

MEXICO CITY (Reuters) - Mexican bank Inbursa said it would wait to know more about the sale of Citigroup's Mexico retail operations, known as Citibanamex, before expressing interest in the unit, an Inbursa executive said on Wednesday.

"We're waiting to see how (the sale will be carried out) and what they're trying to sell," Inbursa Director of Investor Relations Frank Aguado said in a call with investors.

Mexico President Andres Manuel Lopez Obrador has said he wants to "Mexicanize" the Citi unit with local investors, mentioning Inbursa's owner, billionaire Carlos Slim, as a potential buyer.

"We'll probably get involved in the process if we see the conditions and possible synergies," Aguado said.

Lopez Obrador said on Wednesday the government wanted to ensure there are "no delays" in the process.

Citigroup CEO Jane Fraser said earlier this month the unit would go up for sale in the spring.

(Reporting by Kylie Madry and Noe Torres; Editing by Sandra Maler)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
CITIGROUP INC. -3.39% 49.32 Delayed Quote.-18.33%
GRUPO FINANCIERO INBURSA, S.A.B. DE C.V. -2.50% 34.29 End-of-day quote.39.85%
All news about GRUPO FINANCIERO INBURSA, S.A.B. DE C.V.
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01/26Inbursa 'waiting to see' before expressing interest in Citibanamex bid
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01/25Grupo Financiero Inbursa, S.A.B. de C.V. Reports Earnings Results for the Full Year End..
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Financials
Sales 2022 42 025 M 2 101 M 2 101 M
Net income 2022 20 170 M 1 008 M 1 008 M
Net Debt 2022 - - -
P/E ratio 2022 10,4x
Yield 2022 1,80%
Capitalization 211 B 10 558 M 10 558 M
Capi. / Sales 2022 5,03x
Capi. / Sales 2023 4,66x
Nbr of Employees 9 330
Free-Float 38,6%
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Mean consensus UNDERPERFORM
Number of Analysts 10
Last Close Price 34,29 MXN
Average target price 31,04 MXN
Spread / Average Target -9,47%
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Managers and Directors
Javier Foncerrada Izquierdo Chief Executive Officer & Non-Independent Director
Ra˙l Reynal Pe˝a Director-Administration & Finance
HÚctor Slim Seade Chairman
Laura Diez Barroso Azcßrraga Independent Director
David Antonio Ibarra Mu˝oz Independent Director