According to business journalist Jonathan Torres, “… president’s hand It was decisive to disrupt the sale of Banamex.”
According to the specialist, Citigroup’s announcement of the listing of Banamex on the stock market was made after a series of incidents this happened last week with President Andrés Manuel López Obrador.
From the statements, for example, when AMLO confirmed that he had no problems with the fact that Mexico group will buy Banamex before the confiscation of the same group’s Ferrosur tracks creates a panorama of uncertainty.
“The president’s comments on the differences he has with Herman Larrea definitely polluted the Banamex process and that by the end of last week three scenarios had already emerged: the first is the exit of Germán Larrea from the operation, the second is the resurgence of other stakeholders, and the third is public offering Banamex,” confirmed business journalist Jonathan Torres.

Photo: Photolaboratory
He added that Citigroup should have a brokerage house to help it price per share, which depends on expected future earnings.
“This takes into account 4 factors: the company’s ability to sell and make a profit; expectations of the country’s economic growth; interest rate and risks to which the market is exposed,” the specialist explained.
A change in government policy affects market riskor, judging by what Jonathan Torres points out, Citigroup’s decision in this regard could be avoid the current political context.
In the same vein, Torres explained that reputation is very important to Citigroup’s decision making.
“It is possible that this issue of the political uproar of the circumstances that have taken place around Herman Larrea also affects Citigroup’s decision-making today, in which they decided not to risk their reputation and could determine this return in,” the journalist concluded.
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.