Mexico takes over part of Grupo Mexico railway, spooking investors
News of the seizure sparked fresh alarm among financial analysts over the polices of President Andres Manuel Lopez Obrador, and raised questions about Grupo Mexico's bid to acquire U.S. Citigroup Inc's retail banking arm in Mexico. "What happened today with Grupo Mexico could put that transaction at risk," Gabriela Siller, an analyst at Banco Base, said of the firm's plan to buy the unit known as Citibanamex.
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
