A consortium of investors to acquire a 24% stake in Banamex from Citi for MXN43bn.

A consortium of investors, including General Atlantic, SURA Asset Management, Banco BTG Pactual, Chubb, Blackstone, Liberty Strategic Capital, and Qatar Investment Authority, agreed to acquire a 24% stake in Banamex, a financial holding company in Mexico that owns the bank Banco Nacional de México, from Citi, an American multinational investment bank and financial services corporation, for MXN43bn. "We are honored to have the backing of these buyers as we prepare for Banamex’s proposed initial public offering. Their investment is a further endorsement of Banamex’s long-term strategy, market leadership and growth prospects, and their commitment solidifies Banamex’s foundational position within Mexico’s banking system," Ernesto Torres Cantú, Citi Head of International.