Citi announces delisting from Mexican Stock Exchange.
BANKING AND CREDIT NEWS-March 25, 2019--Citi announces delisting from Mexican Stock Exchange
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Global Banking News - 25 March 2019
Citigroup Inc. (NYSE: C) has said that it has decided to apply for the voluntary deregistration of Citigroup's common stock from the Mexican Securities Registry maintained by the Mexican Banking and Securities Commission (CNBV), delist such common stock from the Mexican Stock Exchange (MSE) and simultaneously cross-list such common stock on the International Quotation System (SIC) of the MSE.
Delisting from the MSE will come into effect 20 business days after the CNBV approves Citigroup's deregistration application. The cross-listing on the SIC will enable Mexican investors to continue trading Citigroup's common stock. The delisting of Citigroup's common stock from the MSE and its simultaneous cross-listing on the SIC will not affect Citigroup's businesses in Mexico. The country will remain an important market for Citigroup, which will focus on further strengthening its capabilities to better serve its corporate and institutional clients in Mexico.
A global bank, Citi has nearly 200 million customer accounts and operates in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
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|Publication:||M2 Banking & Credit News (BCN)|
|Date:||Mar 25, 2019|
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