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Dow Jones Newswires: Santander withdraws bidding for Citi’s Banamex

Banco Santander SA said Friday that it won’t continue the bidding process for Citigroup Inc.’s

Banamex unit in Mexico.

The Spanish bank


said it had submitted a non-binding offer for the unit, but it won’t be continuing in the next stages of the process, Santander said in a statement.

Write to Xavier Fontdegloria at

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