US EditionCiti signs deal to sell 24% equity stake in Banamex
Citigroup sold 24% of Banamex for $2.5 billion to seven institutional investors, completing a 49% divestment and preparing the bank for a future IPO.
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34 Articles
Citi Sells 24% of Banamex for $2.5 Billion — With BTG Pactual, Blackstone, and Qatar Among Buyers
Key Points — Citigroup signed deals to sell 24 percent of Mexico’s Banamex to seven institutional investors for 43 billion pesos ($2.5 billion), at 0.85 times book value — a slight premium to the December 2025 sale of 25 percent to Mexican billionaire Fernando Chico Pardo. — Buyers include BTG Pactual, Blackstone, General Atlantic, Qatar […]
Citigroup announced that it entered into agreements with several leading institutional investors and family offices to acquire shareholdings in Financial Group Banamex. In a statement, Citi said that under the respective agreements, buyers have pledged to acquire, in total, 24 percent (about 499 million shares) of ordinary shares in Banamex, at a fixed price of about 43 billion pesos (2.5 billion dollars).
For an amount of 43 billion pesos or $2.5 billion, Citigroup will sell 24 percent of the shares of the National Bank of Mexico (Banamex) to a group of investors, including, among others, General Atlantic, Afore Sura and the sovereign fund of the State of Qatar.
Mexico City, Feb 23 (EFE).- Citigroup announced Monday agreements with a group of prominent investors for the sale of 24 % of the capital of the Banamex Financial Group, as part of the divestment process in Mexico since 2022. Citi indicated in a statement that the buyers pledged to acquire, in total, about 499 million shares, at a “fixed price” of about 43 billion pesos (about 2.5 billion dollars). Among the investors mentioned by Citi are Gener…
Citigroup closed an agreement to sell 24 percent of Banamex shares to a group of investors willing to bet on the business while Mexican billionaire Fernando Chico Pardo assumes control.Who are the investors that will buy parts of Banamex?Citi limited the sale of each share to 4.9 percent of shares to a group of companies.Among the new owners of about 499 million shares of Banamex are:General Atlantic, in which is its largest investment of growin…
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