Overview

• Citi said the transaction is valued at about 42,000 million pesos and represents roughly 520 million shares of Grupo Financiero Banamex.
• The agreement remains subject to Mexican regulatory approvals with closing targeted for the second half of 2026.
• Upon completion, Fernando Chico Pardo is expected to become chairman of the board, while Ignacio Deschamps stays as council president and Manuel Romo continues as CEO.
• Citi reaffirmed that exiting Banamex is a strategic priority and noted any IPO decision will be guided by market conditions and required approvals.
• Chico Pardo pledged to continue Banamex’s social and cultural programs and to support its end‑to‑end digital transformation.