Citigroup is reportedly close to selling an additional 24% stake in its Mexican retail bank, Banamex, to a group of investors. This move follows an earlier sale of a 25% stake in the bank. The new buyers are said to include Blackstone and various family offices.
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Citi nears sale of more Banamex shares to Blackstone, family offices, others - report (C:NYSE)
Citigroup is reportedly close to selling an additional 24% stake in its Mexican retail bank, Banamex, to a group of investors. This move follows an earlier sale of a 25% stake in the bank. The new buyers are said to include Blackstone and various family offices.