The president of Mexico, Claudia Sheinbaumhe described as a “very good news” the acquisition of a part of Banamex For the Mexican businessman Fernando Chico Pardooperation that marks a new chapter in the future of this financial institution.
“He is a Mexican businessman and is a man of good reputation. They reached a good agreement with Citi, they looked for me to inform me that,” said Sheinbaum Pardo, about the transaction during his usual conference the conference the “Mañanera del Pueblo”.
Also, the head of the Mexican State explained that she held a video call one day before the official announcement, in which she was informed of the operation. “He returns to a Mexican businessman in a legal transaction that begins to occur in 25%,” he said.
Chico Pardo and his family will acquire 25% of Banamex Financial Group – teaming to 520 million shares – for an estimated amount of 42,000 million pesos. With this agreement, the employer will be appointed president of the Banamex Board of Directors, while Ignacio Deschamps will remain as president of the National Bank Council of Mexico and Manuel Romo He will continue as general director.
The sale, which still requires regulatory authorizations, is expected to conclude in the second half of 2026. CITI stressed that this operation represents the beginning of a strategic relationship with Chico Pardo and, at the same time, one more step towards the IPO of Banamex.
For his part, Chico Pardo declared that his commitment responds to the vocation of promoting projects that strengthen the development of Mexico and expressed his commitment to continue the social and cultural programs that distinguish the institution.
“For our family, this is more than a business decision: it is an expression of confidence in Mexico and a reaffirmation of our commitment to its economic, social and cultural progress,” he said.
