Mexico's government has studied the possibility of buying a majority of shares in Citigroup's local retail unit known as Banamex.

Mexico's government has stated that there would be no issue if Grupo Mexico, a prominent Mexican conglomerate, were to acquire the Banamex unit of Citigroup. The President expressed confidence in Grupo Mexico's ability to handle the acquisition and emphasized that it is a private decision. The potential acquisition of Banamex by Grupo Mexico reflects the company's expansion and diversification strategy into different sectors of the economy.