Citigroup Is Looking to Sell More Banamex Stakes Ahead of IPO

A Banco Nacional de Mexico SA Citibanamex bank branch in Mexico City. — A Banco Nacional de Mexico SA Citibanamex bank branch in Mexico City.
Photographer: Jeoffrey Guillemard/Bloomberg

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By Todd Gillespie and Michael O'Boyle

January 14, 2026 at 2:40 PM UTC

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Citigroup Inc. is eyeing the possibility of selling more stakes in its Mexican retail-banking unit, Grupo Financiero Banamex, while declining to recommit to a public listing this year.