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CITIGROUP CEO WEIL AND BANAMEX PRESIDENT HERNANDEZ LAUGH AT PRESS CONFERENCE, 2001-05-17 (photo)

IMAGE number
REU8512692
Image title
CITIGROUP CEO WEIL AND BANAMEX PRESIDENT HERNANDEZ LAUGH AT PRESS CONFERENCE, 2001-05-17 (photo)
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Medium
photograph
Date
2001 AD (C21st AD)
Shooting Date
2001-05-17
Image description

Sandy Weil (R) Chairman and CEO of Citigroup, the largest U.S. financial services company, and Roberto Hernandez Ramirez, director-general of Banamex Accival financial group, laugh at a press conference at which they announced that Citigroup would buy No. 2 Mexico financial group Banamex for $12.5 billion in cash and stock May 17, 2001. The buy out of Banamex is the largest financial transaction in Mexican history and will allow Citigroup to harness the growth potential of Mexico which sells 90% of its exports to markets in the U.S. AW

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REUTERS / Bridgeman Images
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