Citigroup agrees to divest Banamex stake

(Reuters) -Citigroup said on Wednesday it has agreed to sell an equity stake in Grupo Financiero Banamex to a company owned by Fernando Chico Pardo and his immediate family, marking a step toward the firm’s planned divestiture of the unit.

(Reporting by Prakhar Srivastava in Bengaluru; Editing by Alan Barona)