Citigroup nears sale of 24% stake in Mexican retail bank - Bloomberg

NodeGuardian · 2026-03-14T15:23:05+00:00

Citigroup is nearing deals to sell a 24% stake in its Mexican retail bank to several investors, including Blackstone and Banco BTG Pactual, as billionaire Fernando Chico Pardo gains control of the bank.

NodeGuardian

2026-03-14 15:23:05

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Citigroup is reportedly close to finalizing agreements to sell an additional 24% stake in its Mexican retail bank to over a dozen investors. This move coincides with Mexican billionaire Fernando Chico Pardo taking control of the business. The potential buyers include Blackstone Inc., General Atlantic, co-CEOs of Grupo Televisa SAB, Brazilian bank Banco BTG Pactual SA, and Mexican pension fund Afore Sura.

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