Grupo Financiero Banorte, Grupo Financiero Inbursa, which is backed by billionaire Carlos Slim, mining mogul German Larrea and Grupo Financiero Mifel are among those in the race to buy the retail bank, the sources said.
Leading Mexican banking firm Banorte, which is behind Banco Bilbao Vizcaya Argentaria, in the race, has been regarded as the top contender for the assets up for sale.
The sale process, which has been slow, is still ongoing and offers for the assets may change, the sources added.
According to sources, Citi rejected the $6bn offer from the Spanish lender.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
Earlier this year, the US banking group announced plans to shutter its retail, small business and middle market banking business in Mexico.
The divesture is part of Citi’s global restructuring efforts to focus on institutional business, payments, lending, and a focused retail business in the US.
Last week, Inbursa investor relations head Frank Aguado said that the firm will buy Banamex only at a “reasonable” price.