secwatch.observer — SEC 8-K summary
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Issuer:     CITIGROUP INC (C)
CIK:        0000831001
Form:       8-K
Filed at:   2025-09-24T23:59:59+00:00
Accession:  0001104659-25-092977
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.06, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Citi sells 25% Banamex stake to Chico Pardo; records $726M goodwill impairment
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- Chico Pardo to buy 25% (520M shares) of Banamex at 0.80x book value; consideration ~MXN 42B (~$2.3B).
- Citi recorded a non-cash goodwill impairment of ~$726M on Banamex reporting unit; capital neutral.
- Transaction expected to close H2 2026, subject to Mexican regulatory approvals.
- Chico Pardo to become Banamex Board Chair upon closing; Romo remains CEO, Deschamps stays Banco Nacional Chair.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/831001/000110465925092977/0001104659-25-092977-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/831001/000110465925092977/c-20250924x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-092977

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