Mexican tycoon Salinas Pliego drops out of Citibanamex bid

This post was originally published on this site

https://i-invdn-com.investing.com/trkd-images/LYNXMPEI5M00Z_L.jpg

MEXICO CITY (Reuters) – Mexican tycoon Ricardo Salinas Pliego said on Wednesday he had decided not to continue with a bid for Citi’s Mexico unit, put up for sale earlier this year.

“I was thinking about buying Banamex and decided NO,” Salinas said on Twitter (NYSE:TWTR). “I prefer to INVEST IN MY CUSTOMERS of Banco Azteca and compete with (and beat) whoever buys that problem,” he said.