Citi picks IPO for Citibanamex sale

Citi picks IPO for Citibanamex sale

Equity Funds IPO M&A United States Mexico Capital Markets

US financial services group Citi said Wednesday that it will pursue an initial public offering (IPO) for Citibanamex in 2025, rather than carry out a direct sale to local conglomerate Grupo México. "After careful consideration, we concluded the optimal path to maximizing the value of Banamex for our shareholders and advancing our goal to simplify our firm is to pivot from our dual path approach to focus solely on an IPO of the business," CEO Jane Fraser said in a press release. Citi was in talks

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial