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Citigroup to sell 25% stake in Grupo Financiero Banamex for $2.3 billion

Investing.com•Thursday, September 25, 2025 at 9:39:18 AM
PositiveFinancial Markets
Citigroup to sell 25% stake in Grupo Financiero Banamex for $2.3 billion
Citigroup has announced its decision to sell a 25% stake in Grupo Financiero Banamex for $2.3 billion, marking a significant move in the financial sector. This sale not only reflects Citigroup's strategy to streamline its operations but also highlights the growing interest in the Mexican banking market. The transaction is expected to enhance Banamex's capital position, allowing it to expand its services and improve customer offerings, which is great news for consumers and investors alike.
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