Economy & Business - March 2026

MEXICO: Citi to sell a further stake in Banamex ahead of IPO

MEXICO & USMCA by Abbi Dicker 19 March 2026 Modified: 23 March 2026 976 views

As US multinational bank and financial services corporation Citigroup Inc moves ahead with the sale of its Banamex unit, on 23 February it announced it had agreed to sell an additional 24% stake of the Mexican retail bank worth around US$2.5bn to several new investors.

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