Citi secures investor commitments to buy 24% stake in Banamex for MXN 43 billion

Reuters02-24

Citi secures investor commitments to buy 24% stake in Banamex for MXN 43 billion

Citigroup has signed agreements with several institutional investors and family offices to buy a combined 24% stake in Grupo Financiero Banamex for about MXN 43 billion (around USD 2.5 billion), with closings expected in 2026. Citi said each investor’s stake is capped at 4.9%, and that after these purchases it will have sold 49% of Banamex, following a previously completed 25% investment by reference shareholder Fernando Chico Pardo in December 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Citigroup Inc. published the original content used to generate this news brief on February 23, 2026, and is solely responsible for the information contained therein.

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Citi said each investor’s stake is capped at 4.9%, and that after these purchases it will have sold 49% of Banamex, following a previously completed 25% investment by reference shareholder Fernando Chico Pardo in December 2025.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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