Finance
Citigroup Strikes Banamex Stake Sales With Blackstone, BTG
A Banamex branch in Mexico City.
Photographer: Mayolo Lopez Gutierrez/BloombergCitigroup Inc. struck deals to sell an additional 24% of its Mexican retail bank for around $2.5 billion to investors such as private equity firms, a bank and a sovereign wealth fund, bolstering the business as Mexican billionaire Fernando Chico Pardo takes over.