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Finance

Citi signs deal to sell 24% equity stake in Banamex

Published by Global Banking & Finance Review

Posted on February 23, 2026

1 min read

· Last updated: April 2, 2026

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Citi signs deal to sell 24% equity stake in Banamex

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By Tatiana Bautzer Feb 23 (Reuters) - Citigroup said on Monday it had entered into agreements to sell a 24% stake in Banamex to a group of institutional investors and family offices for around $2.5

Citi Reaches Agreement to Sell 24% Banamex Stake to Investor Group

By Tatiana Bautzer

Transaction Value and Date

Deal Overview and Terms

Feb 23 (Reuters) - Citigroup said on Monday it had entered into agreements to sell a 24% stake in Banamex to a group of institutional investors and family offices for around $2.5 billion.

Investor Consortium Members

Some of the investors are private equity firm General Atlantic, a unit of asset manager Sura, Banco BTG Pactual, Chubb and funds managed by Blackstone, Liberty Strategic Capital, and Qatar Investment Authority.

Expected Closing Timeline

Post-Sale Ownership

After the sale, expected to be completed this year, Citigroup will reduce its stake in the Mexican unit to 49%.

(Reporting by Manya Saini in Bengaluru; Editing by Shinjini Ganguli and Chris Reese)

Key Takeaways

Citigroup agreed to sell a 24% stake in Banamex for about $2.5 billion to institutional investors and family offices.
The investor group includes General Atlantic, Afore Sura, Banco BTG Pactual, Chubb, and funds managed by Blackstone, Liberty Strategic Capital and QIA.
Following the transaction, Citi’s ownership in Banamex will decrease to 49%.
Closing is expected in 2026, pending customary conditions and regulatory approvals.
The move advances Citi’s ongoing plan to streamline operations and monetize Banamex.

References

Frequently Asked Questions

What is the main topic?

Citigroup signed agreements to sell a 24% equity stake in Banamex to a consortium of institutional investors and family offices for roughly $2.5 billion, reducing its stake to 49%.

Who are the investors?

The group includes General Atlantic, Afore Sura, Banco BTG Pactual, Chubb, and funds managed by Blackstone, Liberty Strategic Capital, and Qatar Investment Authority, among others.

When will the deal close and what changes?

Closing is expected in 2026, subject to regulatory approvals. After completion, Citi’s ownership in Banamex will fall to 49%, aligning with its broader streamlining strategy.

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Citi signs deal to sell 24% equity stake in Banamex