BlackRock (BLK) acquires asset-management business of Citibanamex -- a subsidiary of Citigroup (C) -- to fortify the bank's presence in Mexico and expand its operations. Recently, BlackRock BLK announced the completion of the acquisition of the asset-management business of Citibanamex, a subsidiary of Citigroup C. The deal was announced in November 2017. Notably, all viable approvals by Mexican regulatory bodies were granted to the deal.The deal involved acquisition of nearly $34 billion in assets under management of Citibanamex across local fixed income, equity and multi-asset products. The deal has brought together two major companies . . .
