Citigroup Close to Selling 24% of Banamex to Investor Consortium Including Blackstone
Citigroup is reportedly nearing an agreement to sell a 24% stake in its Mexican retail unit Grupo Financiero Banamex to a consortium of investors that includes Blackstone, according to people familiar with the matter. The potential transaction follows a 25% stake sale last year to a company controlled by Fernando Chico Pardo and his family. Citi de…