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Mexico president cheers billionaire's purchase of stake in local Citi retail unit
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Mexico president cheers billionaire's purchase of stake in local Citi retail unit
Sep 25, 2025 8:41 AM

MEXICO CITY, Sept 25 (Reuters) - Mexican President

Claudia Sheinbaum on Thursday said it was "good news" that a

local billionaire had tied up an agreement to purchase a 25%

stake in Citi's retail unit in the country, Banamex.

Sheinbaum cheered the Citi deal putting Banamex "in the

hands of Mexicans" by selling the stake to business magnate

Fernando Chico Pardo, who chairs airport operator ASUR

.

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