Paul Weiss and Skadden are advising Citibank’s sale of 25% of its Mexican unit Banamex for $2.3 billion to Mexican businessman Fernando Chico Pardo. Here a Banamex branch in the La Perla shopping center in Zapopan, Jalisco. (Photo: Centro de Vida La Perla)
Paola Lozano, Skadden; Laura Turano, Paul Weiss and Jonathan Kellner,Paul Hastings. (Latinvex collage)
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Thursday, September 25, 2025
Paul Weiss, Skadden Advise $2.3 Bln Banamex Deal
Citibank sells 25% of its Mexican unit to local businessman Fernando Chico Pardo.
BY LATINVEX STAFF
Paul Weiss and Skadden are advising Citibank’s sale of 25% of its Mexican unit Banamex for $2.3 billion to Mexican businessman Fernando Chico Pardo.
Meanwhile, Paul Hastings advised Goldman Sachs, BNP Paribas and Itaú Unibanco in connection with French shipping group CMA CGM’s $2 billion stake increase in Brazilian ports operator Santos Brasil from 48% to 93%.
Keywords: Brazil, Mexico, M&As, Paul Hastings, Paul Weiss, Skadden
