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Citigroup Inc. Message Board

  • cchaker cchaker Jul 16, 2013 1:27 PM Flag

    Mexico's Banorte Aims to Raise Around $2.5 Billion in Share Sale

    Sale Could Fund Further Acquisitions
    Mexican bank Grupo Financiero Banorte GFNORTE.MX -0.19% SAB is looking to sell around $2.5 billion in shares to fund recent acquisitions and could have money left over to pursue further deals in a country where foreign-owned banks, including Citigroup Inc., C -0.15% control more than two-thirds of deposits.

50.09-0.09(-0.18%)Jul 24 4:00 PMEDT

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