Powered by

BlackRock Completes Acquisition of Asset Management Business of Citibanamex

Sep 24, 2018 - Business Wire
Mergers and Acquisitions

BlackRock (NYSE:BLK) has completed its acquisition of Citibanamex's asset management business. Citibanamex is a subsidiary of Citigroup Inc. (NYSE:C). The transaction involves fixed income, equity, and multi-asset funds holding approximately $34 billion in investments.

This acquisition reaffirms BlackRock's conviction in Mexico's long-term growth potential and positions BlackRock to help more Mexicans build better financial futures. With 10 years of experience in the Mexican market, BlackR...