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If you want to muscle in on Citigroup’s relationship with Mexican cement company, Cemex, you might as well forget about it.
Every time Cemex has needed an investment bank to help it, Citigroup has been at its side. As such, the Mexican group is a quintessential Citigroup client.
Citigroup managed the firm’s first Eurobond in 1989 — the first international bond for a Latin American private sector borrower since the 1982 debt crisis. In 1992, Citigroup provided Cemex with a bridge loan when it bought Spain’s two biggest cement businesses. In 2000, Citigroup acted as an adviser when Cemex became the first Latin American company to buy a US rival, Southdown. In 2004, Citigroup advised on Cemex’s...
