Dow Jones Newswires: Santander withdraws bidding for Citi’s Banamex

by | Jul 22, 2022 | Stock Market

Banco Santander SA said Friday that it won’t continue the bidding process for Citigroup Inc.’s
C,
+0.27%
Banamex unit in Mexico. The Spanish bank
SAN,
+0.18%

SAN,
+1.64%
said it had submitted a non-binding offer for the unit, but it won’t be continuing in the next stages of the process, Santander said in a statement. Write to Xavier Fontdegloria at xavier.fontdegloria@wsj.com

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