NEW YORK (Reuters) -Citigroup has agreed to sell a 25% stake in Grupo Financiero Banamex to a company owned by Mexican billionaire Fernando Chico Pardo and his family, marking a step toward Citi's ...

Citigroup (NYSE:C) agreed to sell a 25% stake in its Mexican retail bank Banamex to local businessman Fernando Chico Pardo and members of his family, part of Citi's previously announced plan to divest ...

MEXICO CITY (Reuters) - Citigroup will look for more minority investors in its Mexican retail unit, Banamex, before launching a potential initial public offering, executives said on Thursday. Citi ...

Citigroup (C) is close to reaching agreements to sell an additional 24% of its Mexican retail bank to a group of investors, according to a media report on Monday. That comes after Citi sold 25% of the ...

Citigroup (C) on Monday said it closed on the sale of an ~25% equity stake in Grupo Financiero Banamex, S.A. de C.V (Banamex) to a company wholly owned by Fernando Chico Pardo and members of his ...

The transaction is part of Citi’s broader divestiture of an aggregate 24 percent stake in Banamex Since 2015, General Atlantic has invested more than $3 billion across 14 Mexico-headquartered ...

Aug 11 (Reuters) - Citigroup (C.N), opens new tab CEO Jane Fraser is in Mexico City for talks with President Claudia Sheinbaum that include the potential public listing of the bank's retail unit ...

Citi’s Banamex unit has expanded its global custody and fund administration services to pension fund management companies (Afores) in Mexico. Afore Banamex will access Citi OpenInvestor to provide ...

Citigroup Inc. C announced agreements with several investors for commitments to purchase an aggregate 24% equity stake in Grupo Financiero Banamex, S.A. de C.V (Banamex). The deal represents another ...