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Citi nears Banamex stake sale to investor group including Blackstone, Bloomberg News reports

Published by Global Banking & Finance Review

Posted on February 23, 2026

1 min read

· Last updated: April 2, 2026

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Citi nears Banamex stake sale to investor group including Blackstone, Bloomberg News reports
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Feb 23 (Reuters) - Citigroup is nearing a deal to sell a 24% stake in its Mexican retail bank Grupo Financiero Banamex to a group of investors that includes Blackstone, Bloomberg News reported on

Citi Nears 24% Banamex Stake Sale to Investor Group Including Blackstone

Details of the Pending Banamex Stake Sale

Feb 23 (Reuters) - Citigroup is nearing a deal to sell a 24% stake in its Mexican retail bank Grupo Financiero Banamex to a group of investors that includes Blackstone, Bloomberg News reported on Monday, citing people familiar with the matter.

Stake size and buyer group

(Reporting by Ateev Bhandari in Bengaluru; Editing by Shailesh Kuber)

Key Takeaways

  • Citigroup is nearing a sale of a 24% stake in Grupo Financiero Banamex.
  • An investor group that includes Blackstone is involved in the potential deal.
  • Bloomberg News reported the development, citing people familiar with the matter.
  • Banamex is Citi’s Mexican retail banking business.
  • Valuation and final timing were not disclosed in the report.

References

Frequently Asked Questions

What is the main topic?
Citigroup is nearing a deal to sell a 24% stake in Grupo Financiero Banamex, its Mexican retail bank, to an investor group that includes Blackstone, according to Bloomberg.
Who is reportedly involved in the investor group?
The investor group reportedly includes Blackstone, as cited by Bloomberg News, along with other unnamed investors.
How large is the stake being sold?
The reported stake is 24% of Grupo Financiero Banamex, which represents a minority position in Citi’s Mexican retail bank.

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