BTG Pactual to Acquire Banamex Shares from Citi
Simpson Thacher is representing BTG Pactual in connection with its proposed acquisition of an equity stake in Grupo Financiero Banamex, S.A. de C.V. (“Banamex”), a leading financial institution in Mexico, from Citigroup. The transaction is part of Citi’s broader divestiture of an aggregate 24% stake of Banamex’s outstanding common shares at a fixed price of ~USD 2.5 billion and is expected to close in 2026.
BTG Pactual is the largest investment bank in Latin America and operates across several segments including Investment Banking, Corporate Lending and Business Banking, Sales and Trading, Wealth Management and Personal Banking and Asset Management.
The Simpson Thacher team includes Grenfel Calheiros and Luiz Noronha (M&A – São Paulo).