Citigroup has completed the sale of a 22.6% stake in Banamex to various institutional investors, advancing its planned divestment from the Mexican bank. This transaction, following a previous sale to Fernando Chico Pardo, means Citi has now sold almost 49% of Banamex shares. The remaining 1.4% is expected to be sold via a public offering, reinforcing Mexican ownership in a key financial institution.

<p>Citigroup's acquisition of the historic Mexican bank Banamex seemed sudden at the time, but its divestiture of its Banamex stake is a slowly unfolding process, that stands today at just short of 49%.</p> <p>The post <a href="https://mexiconewsdaily.com/business/citigroup-disinvestment-banamex-new-investors/">With new investors on board, Citigroup advances its disinvestment from Banamex</a> appeared first on <a href="https://mexiconewsdaily.com">Mexico News Daily</a></p> <p><span style="font-w...