Citigroup Approaches Sale of Mexican Retail Bank Stake

Citigroup is close to finalizing agreements to sell an additional 24% of its Mexican retail bank to over a dozen investors. Bloomberg posted on X, highlighting that these investors are showing confidence in the business's potential. This move is part of Citigroup's broader strategy to streamline its operations and focus on core markets. The sale is expected to attract significant interest from investors looking to capitalize on the growth opportunities in Mexico's banking sector. Citigroup's decision aligns with its ongoing efforts to optimize its global footprint and enhance shareholder value.