Banamex, Citigroup's Mexican banking unit, said yesterday it will lead a group of investors prepared to launch a bid valued at more than $150 million to purchase AeroMexico from government holding company Consorcio Aeromexico. The bid of MXN1.68 ($0.15) per share tops the MXN1.10 per share offer valued at about $100 million recently made by the Saba family (ATWOnline, Aug. 23). AeroMexico's board called the Sabas' offer "reasonable." Banamex said it is seeking permission from Mexico's ...

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