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Mexican Billionaire Acquires 25% of Banamex from Citi
Mexican businessman Fernando Chico Pardo purchased 25% of Banamex from Citi for $2.3 billion USD, marking a return of a significant portion of the bank to Mexican ownership, subject to regulatory approvals and expected to be completed in the second half of 2026.
Mexican Billionaire Acquires 25% of Banamex from Citi
Mexican businessman Fernando Chico Pardo purchased 25% of Banamex from Citi for $2.3 billion USD, marking a return of a significant portion of the bank to Mexican ownership, subject to regulatory approvals and expected to be completed in the second half of 2026.
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