Citi Sells 24% of Banamex for $2.5 Billion — With BTG Pactual, Blackstone, and Qatar Among Buyers

2026-02-24 - 13:13

Key Points — Citigroup signed deals to sell 24 percent of Mexico’s Banamex to seven institutional investors for 43 billion pesos ($2.5 billion), at 0.85 times book value — a slight premium to the December 2025 sale of 25 percent to Mexican billionaire Fernando Chico Pardo. — Buyers include BTG Pactual, Blackstone, General Atlantic, Qatar