--- title: "Citigroup has completed the sale of a 25% stake in its Mexican retail banking business to billionair" description: "Citigroup has completed the sale of a 25% stake in its Mexican retail banking business to billionaire Fernando Chico Pardo, potentially accelerating its exit from its stake in Banamex" type: "news" locale: "en" url: "https://longbridge.com/en/news/269896387.md" published_at: "2025-12-16T16:49:44.000Z" --- # Citigroup has completed the sale of a 25% stake in its Mexican retail banking business to billionair > Citigroup has completed the sale of a 25% stake in its Mexican retail banking business to billionaire Fernando Chico Pardo, potentially accelerating its exit from its stake in Banamex Citigroup has completed the sale of a 25% stake in its Mexican retail banking business to billionaire Fernando Chico Pardo, potentially accelerating its exit from its stake in Banamex ### Related Stocks - [C.US - Citigroup](https://longbridge.com/en/quote/C.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | Former Citigroup unit in Russia says it is changing its name to RenCap Bank | Feb 13 (Reuters) - Citigroup’sformer Russian unit, AO Citibank, said on Friday it would change its name to RenCap Bank f | [Link](https://longbridge.com/en/news/275901701.md) | | Mexico is close to approving Citi's sale of Banamex stake - report | Mexico's financial regulators are nearing approval for Fernando Chico Pardo's acquisition of a 25% stake in Citigroup's | [Link](https://longbridge.com/en/news/269439247.md) | | Cartel drones become flashpoint between US and Mexico | U.S. officials are increasingly concerned about the use of drones by Mexican cartels for drug drops and surveillance, hi | [Link](https://longbridge.com/en/news/275742837.md) | | Mexican miners' alleged kidnappers thought they were rival group, government says | A group of 10 miners kidnapped in northern Mexico may have been mistaken for members of a rival criminal group, accordin | [Link](https://longbridge.com/en/news/275499002.md) | | Mexico enlists Moderna to boost mRNA supply for respiratory diseases | Mexico has entered a long-term agreement with Moderna to enhance its mRNA vaccine supply for respiratory diseases as par | [Link](https://longbridge.com/en/news/275641500.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.