Citigroup announced on Monday that it has entered into agreements with several prominent institutional investors and family offices to acquire equity stakes in Grupo Financiero Banamex. In a statement, Citi said that under the respective agreements, the buyers have committed to acquiring, in total, 24% (approximately 499 million shares) of the common shares of Banamex, at a fixed price of approximately 43 billion pesos (2.5 billion dollars). The buyers of these equity stakes include institutional investors such as General Atlantic (this acquisition represents its largest growth capital investment in Mexico to date), Afore Sura, the bank BTG Pactual, Chubb (current partner for insurance distribution), funds managed by Blackstone, Liberty Strategic Capital, and Qatar Investment Authority (QIA). These operations add to the successful closing in December 2025 of the 25% capital investment from Banamex's reference shareholder, Mexican businessman Fernando Chico Pardo, current Chairman of the Board of Grupo Financiero Banamex and its largest individual private shareholder, who actively participated in the selection process and will be actively involved in the integration of the new minority investors into Banamex, Citi detailed.
