Sept 24 (Reuters) - Citigroup Inc ( C/PN ):

* CITI ANNOUNCES AGREEMENT WITH FERNANDO CHICO PARDO TO

PURCHASE

25% EQUITY STAKE IN BANAMEX

* CITIGROUP ( C/PN ): AT SIGNING, DEAL IMPLIES PRICE-TO-LOCAL GAAP

TANGIBLE

BOOK VALUE OF 0.95 TIMES AND TOTAL ESTIMATED SALES CONSIDERATION

OF ABOUT MXN 42 BILLION

* CITIGROUP ( C/PN ): UPON CLOSING, FERNANDO CHICO PARDO WILL BE

APPOINTED

AS CHAIR OF GRUPO FINANCIERO BANAMEX

* CITIGROUP ( C/PN ): IN CONNECTION WITH AGREED-UPON BID RECEIVED

FROM

FERNANDO CHICO PARDO, CITI INCURRED GOODWILL IMPAIRMENT CHARGE

OF USD 726 MILLION IN Q3

* CITIGROUP ( C/PN ): MANUEL ROMO TO REMAIN AS CEO OF BANAMEX -

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