Finance
Citi Signs Deal to Sell 24% Equity Stake in Banamex
Published by Global Banking & Finance Review®
Posted on February 23, 2026
1 min readLast updated: April 2, 2026
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Published by Global Banking & Finance Review®
Posted on February 23, 2026
1 min readLast updated: April 2, 2026
Add as preferred source on GoogleCitigroup will sell a 24% Banamex stake to institutional investors and family offices for about $2.5B. The deal cuts Citi’s holding to 49% and is slated to close in 2026, pending approvals.
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 billion.
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.
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)
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%.
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.
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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