NEW YORK & MEXICO CITY--(BUSINESS WIRE)--The Board of Directors of Citigroup Inc. (“Citigroup”) has resolved to: (i) apply for the voluntary deregistration of Citigroup’s common stock from the Mexican Securities Registry maintained by the Mexican Banking and Securities Commission (“CNBV”), (ii) delist such common stock from the Mexican Stock Exchange (“MSE”) and (iii) simultaneously cross-list such common stock on the International Quotation System (“SIC”) of the MSE. The cross-listing on the SIC will allow Mexican investors to continue trading Citigroup’s common stock. Delisting from the MSE is expected to come into effect 20 business days after the CNBV approves Citigroup’s deregistration application.
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 the country. Mexico remains an important market for Citigroup, which is committed to further strengthening its capabilities to better serve its corporate and institutional clients in Mexico.
Citi, the leading global bank, has approximately 200 million customer accounts and does business 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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