The Mexican stock market rose on Wednesday, contrary to the trend of major foreign stock markets, thanks to the shares of the mining giant Grupo México, which soared after Citigroup announced an initial public offering of its unit on Banamex. a country.
Lead index CPI S&P/BMVwhich includes the 35 most traded stocks on the domestic market, rose 0.63% to 53,457.06 points, breaking a three-day losing streak during which it accumulated a loss of nearly 4%.
Titles Mexico groupwhich was negotiating the purchase of the Mexican division, rose 6.76% to 82.95 pesos.
Citigroup Inc. will conduct an initial public offering of shares in the consumer business, small companies and banking services for mid-sized companies of its Mexico unit. BanamexThe US bank announced this on Wednesday.
Mexican conglomerate Grupo Mexico was in talks to buy the block, he said. Reuters at the beginning of the month a person familiar with the matter.
Citigroup announced plans to sell the division over a year ago as part of a strategic review by its chief executive, Jane Fraser, to exit 14 stock markets. consumer banking in Asia, Europe, the Middle East and Mexico.
According to Reuters
Source: Aristegui Noticias

Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.