Mexico eyeing market concentration on Citi sale, ministry says

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MEXICO CITY (Reuters) – Mexican will pay close attention to the issue of market concentration as Citigroup (NYSE:C) prepares to sell its consumer banking business in Mexico, the finance ministry said on Wednesday.

“The departure from our country of such a large consumer bank raises delicate matters for the finance and regulatory authorities, which will receive rigorous and strict attention from the finance ministry, including a fundamental issue regarding concentration,” the ministry said.