Citi completes sale of 22.6% Banamex stake to new investors

Citigroup Inc.

Citigroup Inc.

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  • Citi completed sale of 22.6% equity stake in Banamex.
  • Fernando Chico Pardo acquired 25% stake, lifting combined new-investor ownership to nearly 49%.
  • Citi reiterated divestiture of Banamex remains strategic priority.
  • Timing and structure of proposed Banamex IPO will depend on financial considerations, market conditions, regulatory approvals.


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