Mexico Nears Approval of Billionaire’s Bid for Banamex Stake
Published on: Dec. 12, 2025, 3:43 a.m. | Source: Livemint
Mexican financial authorities are close to approving an offer by billionaire Fernando Chico Pardo to buy a 25% stake in Citigroup Inc.’s Mexican retail-banking unit, Banamex, paving the way to list the business as soon as next year.
