Citi sells another 24% of Banamex

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Citi has agreed to sell another 24%, or 499 million shares, of its Mexico retail-banking unit for roughly $2.5 billion, the lender said Monday. Private-equity firm General Atlantic, Brazilian bank BTG Pactual and insurance giant Chubb are among the buyers. Funds managed by Blackstone, Liberty Strategic Capital and Qatar Investment Authority have also taken stakes, as ...