BlackRock to acquire asset management business of Citibanamex

“BlackRock’s ambition is to become a full solutions provider in key markets around the world," BlackRock's Armando Senra said. "This transaction is a big step forward in that direction in Mexico."

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Citi ups investment in Mexico, while selling off Argentine and Brazilian consumer units

Jane Fraser, Citi Latin America CEO, emphasized that the firm would continue to have a presence in Argentina and Brazil outside of the consumer segment.

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