Citigroup agrees to sell 24 percent stake in Banamex for 2.5 billion dollars
Citigroup reached a deal today to sell a 24 percent stake in Banamex for $2.5 billion. The sale will reduce its ownership in the Mexican unit to 49 percent.
Insights:
Citigroup Inc. announced today, February 23, 2026, that it has entered into agreements to sell a 24% stake in its Mexican unit, Banamex, to a group of institutional investors and family offices for approximately $2.5 billion. The transaction will reduce the ownership of Citigroup in Banamex to 49%, transferring a sizable minority stake to multiple external investors.
The group of buyers includes General Atlantic, Sura, Banco BTG Pactual, and Chubb Limited . Also participating in the transaction are funds managed by Blackstone Inc. , Liberty Strategic Capital, and the Qatar Investment Authority. This diverse group of institutional investors and family offices will take on the 24% holding as part of the deal.
