Grupo México, S.A.B. de C.V. (BMV:GMEXICO B) agreed to acquire Retail Banking Operations of Grupo Financiero Citibanamex, S. A. de C. V. on February 2, 2023. As of May 16, 2023, Grupo Mexico SAB is close to clinching a nearly $7 billion deal. When the deal is completed, Citigroup, Inc is to retain a 10% stake in the unit.