: Citi to pursue IPO of Banamex business, resume ‘modest level’ of stock repurchases

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Citigroup Inc. announced Wednesday that it decided to pursue an initial public offering (IPO) of its “Banamex” consumer, small business and middle-market banking operations in Mexico.

The banking giant said the business will keep its name Banco Nacional de México (Banamex) after the IPO, which is expected to take place in 2025.

The IPO will…