Spain’s Santander hires Credit Suisse, Goldman to look at Citibanamex bid – sources

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Reuters UK

By Jesús Aguado MADRID (Reuters) -Spain’s Santander has hired Credit Suisse and Goldman Sachs to look at a potential bid for Citibanamex, Citigroup’s retail bank in Mexico, two sources familiar with the process said on Tuesday without providing further details. Both Santander and Goldman Sachs declined to comment and a Credit Suisse representative was not immediately available for comment. Santander had previously submitted a non-binding bid for Citibanamex, another source with direct knowledge of the process said, adding that binding bids were expected later this year. Spanish newspaper Expan…

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