Mexican magnate Fernando Chico Pardo agreed to buy a 25% stake in Banamex from Citigroup for US $2.3 billion ahead of the ...

Mexican billionaire Fernando Chico Pardo says his $2.3 billion investment in Banamex shows confidence in Mexico’s government ...

This move is part of Citi's strategy to divest its international consumer businesses and concentrate on its primary ...

Financier Fernando Chico Pardo to buy 25% position in lender as Wall Street giant seeks to exit the retail bank ...

Citigroup ( NYSE: C) agreed to sell a 25% stake in its Mexican retail bank Banamex to local businessman Fernando Chico Pardo ...

Citigroup said on Wednesday it has agreed to sell a 25% stake in Grupo Financiero Banamex to a company owned by Mexican ...

Citigroup will look for more minority investors in its Mexican retail unit, Banamex, before launching a potential initial ...

Citigroup is moving forward with its plan to divest from Banamex, its Mexican retail banking unit, by seeking additional ...

Citigroup Inc. agreed to sell a 25% stake in its Mexican retail banking unit Banamex to local businessman Fernando Chico Pardo as part of a plan to list the asset publicly.

White & Case, Creel García-Cuéllar and Robles Miaja also acted on the sale to prominent billionaire Fernando Chico Pardo, who ...

The sale is worth 42 billion Mexican pesos, equivalent to approximately US$2.28 billion, and is expected to be finalised in the second half of 2026. This deal values Banamex at US$9.12 billion at the ...

The acquisition of Banamex by Chico Pardo, who is also the president of Grupo Aeroportuario del Sureste (Asur), reflects a strong vote of confidence in the bank's future. As Jane Fraser, CEO of Citi, ...