Editorial & Advertiser disclosure

Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Citi signs deal to sell 24% equity stake in Banamex

Published by Global Banking & Finance Review®

Posted on February 23, 2026

1 min read

Last updated: February 23, 2026

Citi signs deal to sell 24% equity stake in Banamex - Finance news and analysis from Global Banking & Finance Review

Tags:private equity Capital Markets emerging markets insurance

Quick Summary

Citigroup 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.

Citi Reaches Agreement to Sell 24% Banamex Stake to Investor Group

By Tatiana Bautzer

Transaction Value and Date

Deal Overview and Terms

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.

Investor Consortium Members

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.

Expected Closing Timeline

Post-Sale Ownership

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)

Key Takeaways

•Citigroup agreed to sell a 24% stake in Banamex for about $2.5 billion to institutional investors and family offices.
•The investor group includes General Atlantic, Afore Sura, Banco BTG Pactual, Chubb, and funds managed by Blackstone, Liberty Strategic Capital and QIA.
•Following the transaction, Citi’s ownership in Banamex will decrease to 49%.
•Closing is expected in 2026, pending customary conditions and regulatory approvals.
•The move advances Citi’s ongoing plan to streamline operations and monetize Banamex.

Frequently Asked Questions about Citi signs deal to sell 24% equity stake in Banamex

1What is the main topic?

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%.

2Who are the investors?

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.

3When will the deal close and what changes?

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.

Deal Overview and Terms

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.

Investor Consortium Members

Expected Closing Timeline

Post-Sale Ownership

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)

Key Takeaways

•Citigroup agreed to sell a 24% stake in Banamex for about $2.5 billion to institutional investors and family offices.

•The investor group includes General Atlantic, Afore Sura, Banco BTG Pactual, Chubb, and funds managed by Blackstone, Liberty Strategic Capital and QIA.

•Following the transaction, Citi’s ownership in Banamex will decrease to 49%.

•Closing is expected in 2026, pending customary conditions and regulatory approvals.

•The move advances Citi’s ongoing plan to streamline operations and monetize Banamex.

Frequently Asked Questions

1What is the main topic?

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%.

2Who are the investors?

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.

3When will the deal close and what changes?

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.