Billionaire Chico Pardo Readies Next Act After Citigroup Deal

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At age 74, Fernando Chico Pardo is ready for his next act.

The Mexican business magnate built up a fortune running a brokerage and banking business with Carlos Slim. He later bet big on airports in Mexico and then on cross-border trade, thanks to an investment in a port operator. Chico Pardo also became a player in hotels with his sons, putting money into Four Seasons-branded resorts in ritzy locations such as Mallorca.

His next chapter may be his most ambitious yet. His $2.3 billion dealto buy a slice of Grupo Financiero Banamex from Citigroup Inc. ...