US EditionCiti may sell more Banamex stakes, CFO says
11 Articles
11 Articles
Looking for more entrepreneurs like Fernando Chico Pardo? Citigroup is considering the possibility of selling more shares of Financial Group Banamex... and refuses to recommit to a stock exchange in 2026. Citi has been planning an initial public offer of the business as part of its strategy to get out of the operation altogether. Financial Director Mark Mason avoided giving a specific date, but noted that the entity will actively seek to sell sm…
Reforma
elnorte.comCitigroup said it is considering the possibility of selling more shares in Banamex, before any stocking this to o.
Citigroup left the door open to new sales of shareholdings in Banamex before its final separation and eventual sale on the stock market, after having concluded in December 2025 the sale of 25% of the capital of the Mexican institution. According to its fourth quarter report, these additional transactions would be counted under a scheme similar to that of the initial transaction .
Reading time approx.: 1 minutes, 3 secondsOn Christmas Eve, Fraser stated that the decision of the timetable and the structure of the initial public offer (OPI) on the other hand of the shares of Banamex will be maintained and that it will be based on the conditions presented by the market and the corresponding regulatory authorizations. Citigroup Inc is considering the possibility of selling more shares of the National Bank of Mexico (Banamex) …
Coverage Details
Bias Distribution
- 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
