GPFOF - Grupo Financiero Inbursa, S.A.B. de C.V.
Chart Events
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 2.2590 |
| Open | 2.2590 |
| Bid | 0.0000 x 0 |
| Ask | 0.0000 x 0 |
| Day's Range | 2.2590 - 2.2590 |
| 52 Week Range | 1.0000 - 2.3000 |
| Volume | |
| Avg. Volume | 379 |
| Market Cap | 14.173B |
| Beta (5Y Monthly) | 0.57 |
| PE Ratio (TTM) | 11.89 |
| EPS (TTM) | 0.1900 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | May 09, 2019 |
| 1y Target Est | N/A |
Fair Value
Related Research
- Reuters
UPDATE 3-List of bidders for Citigroup's Mexican retail arm shrinks as Inbursa drops out
Mexican bank Grupo Financiero Inbursa said on Wednesday it had pulled out of the bidding process for U.S. bank Citigroup's Mexican retail arm Citibanamex. "Inbursa confirms that, following submission of a non-binding proposal for the businesses in question, the parties mutually agreed that Inbursa will not be continuing to the next stages of the process," it said in a filing. Carlos Slim's Inbursa and German Larrea's Grupo Mexico were seen as the frontrunners in bidding for Citibanamex, known also as Banamex.
ReutersList of bidders for Citigroup's Mexican retail arm shrinks as Inbursa drops out
MEXICO CITY (Reuters) -Mexican bank Grupo Financiero Inbursa said on Wednesday it had pulled out of the bidding process for U.S. bank Citigroup's Mexican retail arm Citibanamex. "Inbursa confirms that, following submission of a non-binding proposal for the businesses in question, the parties mutually agreed that Inbursa will not be continuing to the next stages of the process," it said in a filing. Carlos Slim's Inbursa and German Larrea's Grupo Mexico were seen as the frontrunners in bidding for Citibanamex, known also as Banamex.
- Reuters
Mexico's Inbursa drops bid for Citigroup's Mexican retail arm Citibanamex
Mexican bank Grupo Financiero Inbursa said on Wednesday it had pulled out of the bidding process for Citigroup's Mexican retail arm Citibanamex. "Inbursa confirms that, following submission of a non-binding proposal for the businesses in question, the parties mutually agreed that Inbursa will not be continuing to the next stages of the process," it said in a filing.
ReutersBillionaires Slim, Larrea face off for Citi's Mexico business - sources
Mexican corporate titans Carlos Slim and German Larrea are squaring off to acquire Citigroup Inc's local retail arm after the latest round of bidding left the duo as frontrunners, sources familiar with the matter said. New proposals were submitted last week for Citibanamex, which is being offloaded by the U.S. bank as part of Chief Executive Officer Jane Fraser's efforts to sell some international operations and simplify the firm. The bid amounts for the unit, known too as Banamex, were not disclosed by the sources.
- Reuters
Mexico's Inbursa has 'significant advantage' in Citibanamex bid -BofA analysts
Analysts said Inbursa's bid for Citibanamex, as Citi's Mexican unit is known, now looked more attractive than rival Banorte for three reasons: its higher share price, a lower risk of cost cuts, and likely backing from the Mexican government. "Inbursa now trades at a 35% premium to Banorte ... [giving it] a significant advantage if it were to issue shares to finance a transaction," the analysts said in the note, dated Aug. 2.
- Reuters
UPDATE 1-Mexico's Grupo Financiero Inbursa still in process to buy Citibanamex
Grupo Financiero Inbursa is still in the process of buying Citigroup's Mexican retail bank unit and is inviting other business partners to join the bid, Inbursa's Director of Investor Relations Frank Aguado said Wednesday. The comment, made during a conference call discussing its second-quarter results, comes days after Spain's Banco Santander said it had dropped out of the process to buy Citibanamex, having submitted a non-binding offer earlier this year. "We need to see if it's a good price and if it is right for the strategy we have to lower our costs," Aguado said, adding that Inbursa was still studying the transaction and had not decided on the final acquisition structure.
ReutersMexico's Grupo Financiero Inbursa still in process to buy Citibanamex
MEXICO CITY (Reuters) -Grupo Financiero Inbursa is still in the process of buying Citigroup's Mexican retail bank unit and is inviting other business partners to join the bid, Inbursa's Director of Investor Relations Frank Aguado said Wednesday. The comment, made during a conference call discussing its second-quarter results, comes days after Spain's Banco Santander said it had dropped out of the process to buy Citibanamex, having submitted a non-binding offer earlier this year.