Citi Sells 25% Stake in Banamex to Mexican Billionaire Fernando

Citigroup’s Latin America chief Ernesto Torres Cantu, Mexican billionaire Fernando Chico Pardo, and Banamex CEO Manuel Romo, attend a press conference following Citi’s announcement of the sale of a 25% stake in Banamex to a company owned by Chico Pardo and his family, at Banamex Corporate Santa Fe Office in Mexico City, Mexico, September 25, 2025. REUTERS/Luis Cortes