Citigroup seeks more minority investors in Banamex before potential IPO, with billionaire Fernando Chico Pardo buying a $2.3 billion stake. Analysts view deal positively as step towards Citi’s full divestment from Banamex, valuing the unit at $9.12 billion. Mexican President applauds bank’s return to local hands. Banamex plans market share growth through online expansion and client service improvements. IPO timeline estimated for mid- to late-2026.

Read more at Yahoo Finance: Citi to turn to more minority investors after Banamex stake sale