Fresh Bid for Bancomer Stuns Mexican Bankers

Article Abstract:

Grupo Financiero Banamex-Accival SA's surprise hostile bid for Grupo Financiero Bancomer SA shocked the Mexican banking world and is a call to arms.

AGRICULTURAL PRODUCTION--CROPS, Agriculture, Forestry, Fishing, Agriculture, Forestry, Fishing and Hunting, Agricultural industry, Grupo Financiero Banamex-Accival S.A. de C.V.

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BBVA moves to buy rest of Mexican unit: bid for Bancomer, totaling euro 3.3 billion, is an effort to target the U.S. market

Article Abstract:

Banco Bilbao Vizcaya Argentaria S.A., Spain's second-largest bank, has offered euro 3.3 bil as an all-cash bid for the remaining 41% of Grupo Financiero BBVA-Bancomer S.A. The goal is to take advantage of Grupo's Mexico cross-border market, and would make Banco Bilbao the biggest foreign bank in Mexico.

Spain, Banco Bilbao Vizcaya Argentaria

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Deutsche Bank's dilemma: fight or join U.S. titans? Citigroup merger idea ebbs as politicians in Germany seek 'national champion'

Article Abstract:

Deutsche Bank AG management continues to ponder solutions for increasing the bank's competitive edge. A proposal to merge with Citigroup Inc., backed by Deutsche Bank's chief executive Josef Ackermann, was met with resistance by its supervisory board. Another proposal to purchase the bank unit of Deutsche Post AG was also sidelined.

Strategy & planning, Germany, DEPOSITORY INSTITUTIONS, Planning, Citigroup Inc., C, Company business planning, Deutsche Bank AG (Frankfurt, Germany), DB

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