Citigroup (C) on Monday said it closed on the sale of an ~25% equity stake in Grupo Financiero Banamex, S.A. de C.V (Banamex) to a company wholly owned by Fernando Chico Pardo and members of his ...

Morgan Stanley analysts see Citigroup (NYSE:C) taking another meaningful step toward simplifying its global footprint after completing the sale of a 25% stake in its Mexican retail-banking unit, ...

MEXICO CITY — A day after Citigroup announced it would sell a 25% stake in Banamex to billionaire Fernando Chico Pardo, the Mexican businessman said his $2.3 billion investment should be read as a ...

MEXICO CITY (Reuters) - Citigroup will look for more minority investors in its Mexican retail unit, Banamex, before launching a potential initial public offering, executives said on Thursday. Citi ...

MEXICO CITY (Reuters) -Grupo Mexico will not enter a bidding war for Citi's retail unit in the country, known as Banamex, as its offer already places the lender at a higher value than a previously ...

MEXICO CITY (AP) — A day after Citigroup announced it would sell a 25% stake in Banamex to billionaire Fernando Chico Pardo, the Mexican businessman said his $2.3 billion investment should be read as ...